15,740 Shares in Stellantis (NASDAQ:STLA) Bought by Vise Technologies Inc.

Vise Technologies Inc. acquired a new position in shares of Stellantis (NASDAQ:STLAGet Rating) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,740 shares of the company’s stock, valued at approximately $256,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Morningstar Investment Services LLC purchased a new stake in shares of Stellantis during the first quarter worth $343,000. Advisor Group Holdings Inc. raised its holdings in shares of Stellantis by 105.8% during the first quarter. Advisor Group Holdings Inc. now owns 29,702 shares of the company’s stock worth $484,000 after acquiring an additional 15,267 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Stellantis by 9,764.8% during the first quarter. National Bank of Canada FI now owns 693,987 shares of the company’s stock worth $10,330,000 after acquiring an additional 686,952 shares in the last quarter. Sycomore Asset Management raised its holdings in shares of Stellantis by 11.6% during the first quarter. Sycomore Asset Management now owns 1,264,687 shares of the company’s stock worth $21,748,000 after acquiring an additional 131,499 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its holdings in Stellantis by 22.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 10,016 shares of the company’s stock valued at $188,000 after buying an additional 1,835 shares in the last quarter. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Stock Down 0.5 %

Stellantis stock opened at $13.47 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31. The business’s 50-day simple moving average is $13.73 and its 200-day simple moving average is $14.19. Stellantis has a 52 week low of $11.37 and a 52 week high of $21.92.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on STLA shares. Exane BNP Paribas lowered Stellantis from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 29th. Royal Bank of Canada raised their target price on Stellantis from €19.00 ($19.39) to €21.00 ($21.43) and gave the company a “sector perform” rating in a report on Tuesday, August 2nd. UBS Group cut their target price on Stellantis from €25.00 ($25.51) to €18.50 ($18.88) in a report on Friday, July 8th. Finally, BNP Paribas lowered Stellantis from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 28th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.50.

Stellantis Company Profile

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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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Institutional Ownership by Quarter for Stellantis (NASDAQ:STLA)

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