KB Financial Partners LLC bought a new stake in shares of Stellantis (NYSE:STLA – Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 49,660 shares of the company’s stock, valued at approximately $903,000.
Other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in shares of Stellantis by 484.4% in the first quarter. Fifth Third Bancorp now owns 1,724 shares of the company’s stock valued at $31,000 after acquiring an additional 1,429 shares in the last quarter. Smithfield Trust Co boosted its stake in shares of Stellantis by 284,200.0% during the 1st quarter. Smithfield Trust Co now owns 2,843 shares of the company’s stock worth $51,000 after purchasing an additional 2,842 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in shares of Stellantis during the 1st quarter worth about $56,000. Bessemer Group Inc. raised its position in shares of Stellantis by 183.5% in the fourth quarter. Bessemer Group Inc. now owns 4,646 shares of the company’s stock valued at $66,000 after buying an additional 3,007 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Stellantis by 121.8% during the first quarter. CWM LLC now owns 4,722 shares of the company’s stock valued at $86,000 after buying an additional 2,593 shares during the period. Hedge funds and other institutional investors own 28.17% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have commented on STLA. Jefferies Financial Group lifted their target price on shares of Stellantis from $22.90 to $25.30 and gave the stock a “buy” rating in a research note on Monday, July 31st. Bank of America raised Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, Citigroup downgraded Stellantis from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.15.
Stellantis Trading Up 1.8 %
Shares of STLA opened at $19.03 on Wednesday. Stellantis has a fifty-two week low of $11.57 and a fifty-two week high of $20.71. The company’s fifty day moving average is $18.58 and its two-hundred day moving average is $17.59. The company has a current ratio of 1.29, a quick ratio of 1.03 and a debt-to-equity ratio of 0.26.
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 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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