Chou Associates Management Inc. Invests $8 Million in Stellantis N.V. $STLA

Chou Associates Management Inc. bought a new position in shares of Stellantis N.V. (NYSE:STLA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,394,194 shares of the company’s stock, valued at approximately $8,003,000. Stellantis comprises 3.7% of Chou Associates Management Inc.’s portfolio, making the stock its 8th biggest position.

Several other institutional investors also recently bought and sold shares of STLA. United Community Bank purchased a new stake in Stellantis in the 4th quarter worth $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in shares of Stellantis by 113.6% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock valued at $36,000 after purchasing an additional 1,755 shares in the last quarter. Intesa Sanpaolo Wealth Management purchased a new position in shares of Stellantis during the fourth quarter valued at about $49,000. Sarver Vrooman Wealth Advisors bought a new stake in shares of Stellantis in the fourth quarter worth about $52,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 2,448 shares during the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on STLA shares. Sanford C. Bernstein lowered Stellantis from a “market perform” rating to an “underperform” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a research note on Tuesday, July 14th. Weiss Ratings downgraded Stellantis from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Stellantis in a report on Thursday, July 9th. Finally, TD Cowen reduced their price target on shares of Stellantis from $9.00 to $6.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $8.66.

Stellantis Stock Up 3.0%

Shares of NYSE:STLA opened at $5.42 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.59. Stellantis N.V. has a 12 month low of $5.05 and a 12 month high of $12.22. The company has a 50-day moving average price of $5.75 and a 200 day moving average price of $6.95. The company has a market cap of $20.40 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.31 and a beta of 1.45.

Stellantis (NYSE:STLA) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The company had revenue of $49.63 billion during the quarter. As a group, equities research analysts predict that Stellantis N.V. will post 0.61 earnings per share for the current year.

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.