Amundi Acquires 32,206,884 Shares of Stellantis N.V. $STLA

Amundi lifted its holdings in Stellantis N.V. (NYSE:STLA) by 41.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,680,258 shares of the company’s stock after purchasing an additional 32,206,884 shares during the period. Amundi owned 3.66% of Stellantis worth $1,143,327,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its position in shares of Stellantis by 2.1% in the second quarter. Advisors Asset Management Inc. now owns 59,263 shares of the company’s stock worth $594,000 after buying an additional 1,193 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Stellantis by 2.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 83,148 shares of the company’s stock valued at $834,000 after purchasing an additional 1,599 shares during the last quarter. Strengthening Families & Communities LLC increased its position in Stellantis by 4.0% in the 1st quarter. Strengthening Families & Communities LLC now owns 44,038 shares of the company’s stock worth $494,000 after buying an additional 1,700 shares during the period. National Bank of Canada FI grew its position in Stellantis by 10.3% in the 1st quarter. National Bank of Canada FI now owns 19,132 shares of the company’s stock worth $214,000 after purchasing an additional 1,786 shares during the last quarter. Finally, United Services Automobile Association lifted its holdings in shares of Stellantis by 3.0% during the 1st quarter. United Services Automobile Association now owns 69,214 shares of the company’s stock worth $776,000 after acquiring an additional 1,997 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wall Street Zen lowered Stellantis from a “hold” rating to a “sell” rating in a research report on Tuesday, November 25th. UBS Group raised Stellantis from a “neutral” rating to a “buy” rating in a research note on Tuesday. Berenberg Bank upgraded shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective for the company in a report on Friday, September 19th. Citigroup reiterated a “neutral” rating on shares of Stellantis in a report on Tuesday, November 11th. Finally, BNP Paribas raised shares of Stellantis to a “hold” rating in a report on Tuesday, September 9th. Three research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Stellantis currently has a consensus rating of “Hold” and a consensus price target of $11.75.

Stellantis Price Performance

NYSE:STLA opened at $11.84 on Friday. Stellantis N.V. has a 1-year low of $8.39 and a 1-year high of $14.28. The firm has a fifty day simple moving average of $10.39 and a 200 day simple moving average of $9.96. 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 (NYSE:STLA) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The business had revenue of $87.44 billion for the quarter, compared to analysts’ expectations of $87.94 billion. On average, sell-side analysts expect that Stellantis N.V. will post 2.3 EPS for the current fiscal year.

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.