Russell Investments Group Ltd. Trims Stock Holdings in Stellantis N.V. $STLA

Russell Investments Group Ltd. cut its holdings in shares of Stellantis N.V. (NYSE:STLA) by 47.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 289,975 shares of the company’s stock after selling 266,664 shares during the quarter. Russell Investments Group Ltd.’s holdings in Stellantis were worth $3,224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mpwm Advisory Solutions LLC acquired a new stake in shares of Stellantis during the fourth quarter worth approximately $29,000. GAMMA Investing LLC boosted its stake in Stellantis by 422.3% during the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock valued at $35,000 after acquiring an additional 2,538 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Stellantis by 54.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company’s stock valued at $37,000 after acquiring an additional 1,167 shares during the last quarter. Harbour Investments Inc. grew its holdings in Stellantis by 136.5% during the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock worth $43,000 after acquiring an additional 2,200 shares in the last quarter. Finally, WealthCollab LLC increased its position in shares of Stellantis by 96.5% in the 4th 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 last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wolfe Research cut shares of Stellantis from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, July 2nd. Jefferies Financial Group raised Stellantis from a “hold” rating to a “buy” rating and increased their target price for the stock from $10.25 to $13.20 in a report on Wednesday, June 25th. Finally, Bank of America lowered Stellantis from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.74.

Stellantis Stock Performance

Shares of NYSE STLA opened at $10.1050 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $9.67 and its two-hundred day moving average price is $10.57. Stellantis N.V. has a 52-week low of $8.39 and a 52-week high of $16.92. The stock has a market capitalization of $30.55 billion, a P/E ratio of 2.96, a P/E/G ratio of 0.60 and a beta of 1.45.

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.