PNC Financial Services Group Inc. Purchases 15,644 Shares of Stellantis N.V. (NYSE:STLA)

PNC Financial Services Group Inc. grew its position in shares of Stellantis N.V. (NYSE:STLA) by 68.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,513 shares of the company’s stock after purchasing an additional 15,644 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Stellantis were worth $432,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new stake in Stellantis in the 4th quarter valued at $29,000. GAMMA Investing LLC grew its position in Stellantis by 422.3% during the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock valued at $35,000 after buying an additional 2,538 shares during the period. Farther Finance Advisors LLC grew its position in Stellantis by 54.5% during the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company’s stock valued at $37,000 after buying an additional 1,167 shares during the period. Harbour Investments Inc. boosted its position in Stellantis by 136.5% during the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock worth $43,000 after purchasing an additional 2,200 shares during the period. Finally, WealthCollab LLC boosted its position in Stellantis by 96.5% during the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company’s stock worth $60,000 after purchasing an additional 2,256 shares during the period. Institutional investors own 59.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STLA. Jefferies Financial Group raised shares of Stellantis from a “hold” rating to a “buy” rating and increased their price target for the stock from $10.25 to $13.20 in a report on Wednesday, June 25th. Redburn Atlantic cut shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 22nd. DZ Bank upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 22nd. Bank of America lowered Stellantis from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $16.50 to $11.75 in a research note on Monday, July 7th. Finally, Wolfe Research lowered Stellantis from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.74.

Stellantis Price Performance

NYSE STLA opened at $9.74 on Friday. Stellantis N.V. has a one year low of $8.39 and a one year high of $16.92. The stock has a 50-day moving average of $9.70 and a 200 day moving average of $10.73. The company has a market capitalization of $29.43 billion, a price-to-earnings ratio of 2.85, a PEG ratio of 0.58 and a beta of 1.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06.

About Stellantis

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.