Cetera Investment Advisers Has $904,000 Stock Holdings in Stellantis N.V. (NYSE:STLA)

Cetera Investment Advisers boosted its position in Stellantis N.V. (NYSE:STLA) by 45.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,456 shares of the company’s stock after buying an additional 25,274 shares during the quarter. Cetera Investment Advisers’ holdings in Stellantis were worth $904,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC increased its position in shares of Stellantis by 54.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company’s stock worth $37,000 after purchasing an additional 1,167 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Stellantis by 8.0% during the 1st quarter. Ballentine Partners LLC now owns 17,792 shares of the company’s stock worth $199,000 after purchasing an additional 1,317 shares during the last quarter. Glenorchy Capital Ltd increased its position in shares of Stellantis by 4.9% during the 4th quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company’s stock worth $375,000 after purchasing an additional 1,340 shares during the last quarter. Vise Technologies Inc. increased its position in shares of Stellantis by 5.0% during the 4th quarter. Vise Technologies Inc. now owns 41,395 shares of the company’s stock worth $540,000 after purchasing an additional 1,965 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Stellantis during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wolfe Research lowered Stellantis from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, July 2nd. Jefferies Financial Group upgraded Stellantis from a “hold” rating to a “buy” rating and lifted their target price for the stock from $10.25 to $13.20 in a research note on Wednesday, June 25th. Redburn Atlantic downgraded Stellantis from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 22nd. DZ Bank upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 22nd. Finally, Bank of America downgraded Stellantis from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $16.50 to $11.75 in a research note on Monday, July 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Stellantis has an average rating of “Hold” and an average target price of $12.74.

Stellantis Stock Performance

STLA opened at $9.65 on Wednesday. The business has a fifty day simple moving average of $9.70 and a 200 day simple moving average of $10.76. The company has a market capitalization of $29.17 billion, a PE ratio of 2.83, a price-to-earnings-growth ratio of 0.56 and a beta of 1.45. Stellantis N.V. has a 1 year low of $8.39 and a 1 year high of $16.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77.

Stellantis 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.