Stellantis (NYSE:STLA) Holdings Raised by Electron Capital Partners LLC

Electron Capital Partners LLC boosted its stake in Stellantis (NYSE:STLA) by 218.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,803,506 shares of the company’s stock after acquiring an additional 1,237,440 shares during the quarter. Stellantis comprises 0.8% of Electron Capital Partners LLC’s holdings, making the stock its 19th biggest position. Electron Capital Partners LLC’s holdings in Stellantis were worth $35,800,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its stake in shares of Stellantis by 4.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 43,987 shares of the company’s stock worth $1,026,000 after buying an additional 1,915 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Stellantis by 12.5% in the fourth quarter. Wells Fargo & Company MN now owns 596,174 shares of the company’s stock valued at $13,903,000 after buying an additional 66,427 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Stellantis by 1.4% during the 4th quarter. Corient Private Wealth LLC now owns 149,857 shares of the company’s stock valued at $3,495,000 after acquiring an additional 2,029 shares during the last quarter. Cape Investment Advisory Inc. boosted its stake in shares of Stellantis by 424.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock worth $50,000 after acquiring an additional 1,736 shares in the last quarter. Finally, Adero Partners LLC acquired a new stake in shares of Stellantis during the fourth quarter worth $242,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Trading Down 2.0 %

Shares of STLA stock opened at $15.25 on Thursday. Stellantis has a 1 year low of $14.76 and a 1 year high of $29.51. The firm’s fifty day simple moving average is $16.39 and its 200 day simple moving average is $21.04. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Insider Transactions at Stellantis

In related news, major shareholder N.V. Stellantis bought 2,982,089 shares of Stellantis stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the purchase, the insider now owns 59,734,962 shares in the company, valued at $200,112,122.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on STLA shares. Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Jefferies Financial Group reissued a “hold” rating and issued a $16.44 price target (down previously from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Sanford C. Bernstein assumed coverage on shares of Stellantis in a research report on Friday, June 28th. They set a “market perform” rating and a $23.50 price objective on the stock. Finally, Barclays raised shares of Stellantis to a “strong-buy” rating in a research report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.34.

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.