20,341 Shares in Stellantis (NYSE:STLA) Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. acquired a new position in shares of Stellantis (NYSE:STLA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 20,341 shares of the company’s stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Prospera Financial Services Inc raised its stake in Stellantis by 9.5% during the third quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock worth $192,000 after acquiring an additional 1,192 shares during the period. Spire Wealth Management raised its stake in Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after acquiring an additional 1,211 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after acquiring an additional 1,489 shares during the period. Caprock Group LLC raised its stake in Stellantis by 6.9% during the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock worth $317,000 after acquiring an additional 1,558 shares during the period. Finally, Addison Advisors LLC raised its stake in Stellantis by 29.0% during the fourth quarter. Addison Advisors LLC now owns 7,170 shares of the company’s stock worth $94,000 after acquiring an additional 1,610 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analysts Set New Price Targets

Separately, Evercore ISI started coverage on shares of Stellantis in a research note on Monday, November 11th. They set an “inline” rating on the stock. Seven research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.34.

Stellantis Stock Performance

STLA opened at $12.91 on Thursday. The business’s 50 day moving average is $13.12 and its 200-day moving average is $13.77. The stock has a market cap of $39.01 billion, a PE ratio of 3.78 and a beta of 1.64. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. Stellantis has a twelve month low of $11.40 and a twelve month high of $29.51.

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.