Stellantis (NYSE:STLA) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC trimmed its stake in Stellantis (NYSE:STLA) by 75.1% in the third quarter, HoldingsChannel.com reports. The fund owned 12,682 shares of the company’s stock after selling 38,155 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Stellantis were worth $178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Rothschild Investment LLC acquired a new position in Stellantis in the 2nd quarter valued at about $25,000. Westend Capital Management LLC acquired a new position in shares of Stellantis in the first quarter valued at approximately $38,000. ORG Partners LLC purchased a new position in shares of Stellantis during the second quarter valued at approximately $38,000. Central Pacific Bank Trust Division acquired a new stake in Stellantis during the third quarter worth approximately $35,000. Finally, Scarborough Advisors LLC purchased a new stake in Stellantis in the 4th quarter worth approximately $59,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Stellantis

In related news, major shareholder N.V. Stellantis bought 2,982,089 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the acquisition, the insider now owns 59,734,962 shares in the company, valued at $200,112,122.70. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Jefferies Financial Group reissued a “hold” rating and set a $16.44 price target (down previously from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.34.

Stellantis Price Performance

Shares of Stellantis stock opened at $13.01 on Monday. Stellantis has a twelve month low of $12.74 and a twelve month high of $29.51. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $15.31 and a 200 day moving average price of $19.74.

Stellantis 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.