Commonwealth Equity Services LLC Has $787,000 Stock Position in Stellantis (NYSE:STLA)

Commonwealth Equity Services LLC raised its position in Stellantis (NYSE:STLA) by 6.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 39,657 shares of the company’s stock after purchasing an additional 2,470 shares during the period. Commonwealth Equity Services LLC’s holdings in Stellantis were worth $787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Stellantis by 4.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,863 shares of the company’s stock worth $253,000 after buying an additional 430 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of Stellantis by 3.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 13,677 shares of the company’s stock worth $387,000 after buying an additional 463 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Stellantis by 5.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company’s stock worth $298,000 after buying an additional 562 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Stellantis by 4.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock worth $288,000 after buying an additional 636 shares in the last quarter. Finally, Janiczek Wealth Management LLC raised its holdings in shares of Stellantis by 2.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 28,441 shares of the company’s stock worth $805,000 after buying an additional 660 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Trading Up 0.8 %

Shares of STLA stock opened at $15.22 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The stock has a market cap of $47.67 billion, a P/E ratio of 3.04, a price-to-earnings-growth ratio of 0.26 and a beta of 1.63. The stock has a 50 day simple moving average of $16.88 and a 200 day simple moving average of $21.45. Stellantis has a 1 year low of $14.76 and a 1 year high of $29.51.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on STLA shares. Sanford C. Bernstein started coverage on Stellantis in a report on Friday, June 28th. They set a “market perform” rating and a $23.50 price target for the company. Barclays raised Stellantis to a “strong-buy” rating in a report on Monday, June 17th. Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $27.34.

Insider Buying and Selling at Stellantis

In related news, major shareholder N.V. Stellantis purchased 2,982,089 shares of the stock in a transaction dated Thursday, August 8th. The stock was bought at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the acquisition, the insider now owns 59,734,962 shares of the company’s stock, valued at $200,112,122.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.02% of the company’s stock.

Stellantis Company Profile

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.