Wealthfront Advisers LLC Acquires New Shares in Stellantis N.V. $STLA

Wealthfront Advisers LLC acquired a new position in Stellantis N.V. (NYSE:STLA) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,110 shares of the company’s stock, valued at approximately $101,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of STLA. FNY Investment Advisers LLC acquired a new position in shares of Stellantis during the second quarter worth approximately $28,000. SVB Wealth LLC bought a new stake in Stellantis during the 1st quarter valued at $35,000. Harbour Investments Inc. raised its stake in Stellantis by 136.5% during the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock valued at $43,000 after acquiring an additional 2,200 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Stellantis during the 2nd quarter valued at $74,000. Finally, Plancorp LLC acquired a new position in shares of Stellantis during the second quarter valued at $100,000. Institutional investors own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on STLA shares. Bank of America lowered shares of Stellantis from a “buy” rating to a “neutral” rating and decreased their target price for the company from $16.50 to $11.75 in a research report on Monday, July 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Stellantis in a report on Monday, October 13th. Wall Street Zen upgraded shares of Stellantis from a “sell” rating to a “hold” rating in a report on Saturday. BNP Paribas raised Stellantis to a “hold” rating in a research note on Tuesday, September 9th. Finally, Berenberg Bank raised Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective for the company in a research note on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.04.

Stellantis Price Performance

STLA stock opened at $10.14 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06. The firm has a 50 day simple moving average of $9.97 and a 200 day simple moving average of $9.85. Stellantis N.V. has a 52 week low of $8.39 and a 52 week high of $14.28.

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.