International Assets Investment Management LLC Invests $178,000 in Stellantis (NYSE:STLA)

International Assets Investment Management LLC purchased a new stake in Stellantis (NYSE:STLA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,687 shares of the company’s stock, valued at approximately $178,000.

A number of other institutional investors have also recently added to or reduced their stakes in STLA. Rothschild Investment LLC purchased a new stake in Stellantis in the 2nd quarter valued at $25,000. ORG Partners LLC acquired a new position in shares of Stellantis during the 2nd quarter valued at about $38,000. Waldron Private Wealth LLC purchased a new stake in shares of Stellantis in the third quarter valued at about $33,000. Central Pacific Bank Trust Division acquired a new stake in Stellantis during the third quarter worth about $35,000. Finally, Ridgewood Investments LLC acquired a new stake in Stellantis during the second quarter worth about $54,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on STLA shares. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Barclays lowered Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft downgraded Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Nomura Securities raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.34.

Stellantis Price Performance

Shares of NYSE:STLA opened at $13.88 on Thursday. Stellantis has a 1 year low of $12.74 and a 1 year high of $29.51. 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 firm’s 50-day moving average is $14.43 and its two-hundred day moving average is $18.13.

About Stellantis

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.