Capital World Investors increased its position in shares of Stellantis (NASDAQ:STLA – Get Rating) by 5.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,503,092 shares of the company’s stock after purchasing an additional 4,658,513 shares during the quarter. Capital World Investors owned approximately 4.17% of Stellantis worth $1,368,758,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STLA. Norges Bank acquired a new position in Stellantis during the fourth quarter worth $607,517,000. Deutsche Bank AG boosted its stake in Stellantis by 23.8% during the fourth quarter. Deutsche Bank AG now owns 28,356,811 shares of the company’s stock worth $531,973,000 after buying an additional 5,442,296 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Stellantis during the first quarter worth $44,734,000. Thornburg Investment Management Inc. boosted its stake in Stellantis by 79.7% during the first quarter. Thornburg Investment Management Inc. now owns 5,330,878 shares of the company’s stock worth $87,286,000 after buying an additional 2,363,728 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Stellantis by 3.1% during the first quarter. Vanguard Group Inc. now owns 70,191,926 shares of the company’s stock worth $1,142,023,000 after buying an additional 2,135,875 shares during the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.
Stellantis Trading Up 1.6 %
Shares of NASDAQ STLA opened at $13.62 on Thursday. The stock’s 50-day moving average is $13.68 and its two-hundred day moving average is $14.25. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 1.17. Stellantis has a 1-year low of $11.37 and a 1-year high of $21.92.
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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, and production systems worldwide. It provides luxury, premium, and mainstream passenger vehicles; pickup trucks, sport utility vehicles, and commercial vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.
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