Strengthening Families & Communities LLC Lowers Position in Stellantis N.V. $STLA

Strengthening Families & Communities LLC reduced its stake in Stellantis N.V. (NYSE:STLA) by 83.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,644 shares of the company’s stock after selling 52,053 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Stellantis were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new position in Stellantis in the second quarter valued at $28,000. Atlantic Union Bankshares Corp bought a new stake in Stellantis during the second quarter worth about $37,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Stellantis by 137.9% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 5,524 shares of the company’s stock worth $52,000 after purchasing an additional 3,202 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Stellantis by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock worth $63,000 after buying an additional 2,448 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Stellantis in the 2nd quarter valued at $74,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Trading Up 0.3%

STLA stock opened at $9.93 on Wednesday. Stellantis N.V. has a fifty-two week low of $8.39 and a fifty-two week high of $14.28. The business’s 50 day moving average price is $10.79 and its two-hundred day moving average price is $10.19. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37.

Analyst Upgrades and Downgrades

STLA has been the subject of several analyst reports. DZ Bank upgraded Stellantis from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, December 4th. Zacks Research downgraded shares of Stellantis from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd. Piper Sandler set a $15.00 price target on shares of Stellantis and gave the company an “overweight” rating in a research report on Thursday, January 8th. Citigroup reissued a “neutral” rating on shares of Stellantis in a report on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.67.

Stellantis Company Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.