Virtu Financial LLC Sells 4,852 Shares of Stellantis (NYSE:STLA)

Virtu Financial LLC reduced its stake in Stellantis (NYSE:STLA) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,451 shares of the company’s stock after selling 4,852 shares during the period. Virtu Financial LLC’s holdings in Stellantis were worth $567,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in STLA. Royal London Asset Management Ltd. lifted its holdings in Stellantis by 9.3% during the 4th quarter. Royal London Asset Management Ltd. now owns 389,495 shares of the company’s stock worth $5,083,000 after purchasing an additional 33,032 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Stellantis in the fourth quarter worth about $53,858,000. PDS Planning Inc purchased a new stake in shares of Stellantis in the fourth quarter worth about $134,000. Corient Private Wealth LLC boosted its position in shares of Stellantis by 10.4% in the fourth quarter. Corient Private Wealth LLC now owns 77,603 shares of the company’s stock valued at $1,013,000 after acquiring an additional 7,279 shares during the period. Finally, Rakuten Securities Inc. grew its stake in Stellantis by 792.6% during the fourth quarter. Rakuten Securities Inc. now owns 9,488 shares of the company’s stock valued at $124,000 after acquiring an additional 8,425 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. TD Cowen initiated coverage on shares of Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price target for the company. Cowen initiated coverage on Stellantis in a research report on Thursday, March 6th. They issued a “hold” rating on the stock. Finally, Piper Sandler cut Stellantis from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. Ten analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Stellantis currently has a consensus rating of “Hold” and an average price target of $19.27.

Stellantis Trading Up 1.1 %

Shares of STLA stock opened at $12.41 on Wednesday. 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 firm has a market cap of $37.52 billion, a P/E ratio of 3.64 and a beta of 1.64. The business has a 50-day moving average price of $13.01 and a two-hundred day moving average price of $13.36. Stellantis has a 12-month low of $11.40 and a 12-month high of $29.03.

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.