Neuberger Berman Group LLC Has $53.18 Million Stock Holdings in Stellantis (NASDAQ:STLA)

Neuberger Berman Group LLC lifted its position in shares of Stellantis (NASDAQ:STLAGet Rating) by 26.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,229,440 shares of the company’s stock after purchasing an additional 666,435 shares during the period. Neuberger Berman Group LLC owned 0.16% of Stellantis worth $53,180,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Morningstar Investment Services LLC acquired a new position in shares of Stellantis during the 1st quarter worth about $343,000. Advisor Group Holdings Inc. boosted its holdings in shares of Stellantis by 105.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 29,702 shares of the company’s stock worth $484,000 after buying an additional 15,267 shares during the period. National Bank of Canada FI boosted its holdings in shares of Stellantis by 9,764.8% during the 1st quarter. National Bank of Canada FI now owns 693,987 shares of the company’s stock worth $10,330,000 after buying an additional 686,952 shares during the period. Sycomore Asset Management boosted its holdings in shares of Stellantis by 11.6% during the 1st quarter. Sycomore Asset Management now owns 1,264,687 shares of the company’s stock worth $21,748,000 after buying an additional 131,499 shares during the period. Finally, Itau Unibanco Holding S.A. boosted its holdings in shares of Stellantis by 22.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 10,016 shares of the company’s stock worth $188,000 after buying an additional 1,835 shares during the period. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Stock Performance

Shares of Stellantis stock opened at $13.47 on Monday. The company has a 50 day moving average of $13.73 and a 200-day moving average of $14.15. Stellantis has a 1-year low of $11.37 and a 1-year high of $21.92. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 0.31.

Analyst Ratings Changes

Several brokerages recently commented on STLA. UBS Group reduced their target price on shares of Stellantis from €25.00 ($25.51) to €18.50 ($18.88) in a report on Friday, July 8th. Exane BNP Paribas downgraded shares of Stellantis from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 29th. BNP Paribas downgraded shares of Stellantis from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, Royal Bank of Canada boosted their price objective on shares of 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. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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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