Stellantis N.V. $STLA Shares Bought by Invesco Ltd.

Invesco Ltd. raised its position in shares of Stellantis N.V. (NYSE:STLA) by 6.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,909,019 shares of the company’s stock after acquiring an additional 434,935 shares during the quarter. Invesco Ltd.’s holdings in Stellantis were worth $69,297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Stellantis during the second quarter worth approximately $384,724,000. Hsbc Holdings PLC boosted its stake in Stellantis by 318.6% during the 1st quarter. Hsbc Holdings PLC now owns 11,808,556 shares of the company’s stock worth $130,893,000 after purchasing an additional 8,987,548 shares during the last quarter. Groupe la Francaise acquired a new stake in Stellantis during the 1st quarter worth $62,123,000. Nuveen LLC purchased a new stake in shares of Stellantis during the first quarter worth $56,349,000. Finally, Amundi raised its position in shares of Stellantis by 6.4% in the first quarter. Amundi now owns 78,473,374 shares of the company’s stock valued at $801,213,000 after buying an additional 4,708,200 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Price Performance

Shares of Stellantis stock opened at $12.12 on Thursday. The stock has a 50 day moving average of $10.59 and a 200 day moving average of $9.99. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. Stellantis N.V. has a fifty-two week low of $8.39 and a fifty-two week high of $14.28.

Stellantis (NYSE:STLA) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of $0.41 by ($1.32). The firm had revenue of $87.44 billion during the quarter, compared to analyst estimates of $87.94 billion. As a group, sell-side analysts forecast that Stellantis N.V. will post 2.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen cut Stellantis from a “hold” rating to a “sell” rating in a report on Tuesday, November 25th. BNP Paribas Exane started coverage on Stellantis in a research report on Monday, September 8th. They issued a “neutral” rating and a $10.10 price target for the company. Berenberg Bank upgraded Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective on the stock in a research report on Friday, September 19th. Finally, DZ Bank raised Stellantis from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Stellantis presently has a consensus rating of “Hold” and a consensus target price of $11.75.

About Stellantis

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.