Stellantis N.V. $STLA Shares Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lifted its stake in Stellantis N.V. (NYSE:STLA) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,743,160 shares of the company’s stock after purchasing an additional 102,328 shares during the quarter. Stellantis comprises about 0.9% of Generali Asset Management SPA SGR’s portfolio, making the stock its 21st largest holding. Generali Asset Management SPA SGR owned about 0.16% of Stellantis worth $44,301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of STLA. Norges Bank acquired a new position in Stellantis during the 2nd quarter valued at approximately $384,724,000. Amundi lifted its stake in shares of Stellantis by 41.0% during the second quarter. Amundi now owns 110,680,258 shares of the company’s stock worth $1,143,327,000 after buying an additional 32,206,884 shares during the period. AustralianSuper Pty Ltd grew its holdings in shares of Stellantis by 18.1% during the second quarter. AustralianSuper Pty Ltd now owns 12,568,936 shares of the company’s stock valued at $126,002,000 after buying an additional 1,922,363 shares during the last quarter. Jump Financial LLC grew its holdings in shares of Stellantis by 434.5% during the second quarter. Jump Financial LLC now owns 2,276,667 shares of the company’s stock valued at $22,835,000 after buying an additional 1,850,688 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Stellantis by 202.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,458,333 shares of the company’s stock valued at $24,657,000 after acquiring an additional 1,645,696 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Down 1.4%

Stellantis stock opened at $10.89 on Friday. Stellantis N.V. has a 52 week low of $8.39 and a 52 week high of $14.28. The business’s 50-day moving average price is $10.85 and its 200 day moving average price is $10.14. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37.

Stellantis (NYSE:STLA) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The business had revenue of $87.44 billion during the quarter, compared to the consensus estimate of $87.94 billion. Sell-side analysts predict that Stellantis N.V. will post 2.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on STLA shares. Wall Street Zen cut Stellantis from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. Berenberg Bank upgraded 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a report on Monday, October 13th. DZ Bank raised shares of Stellantis from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Finally, BNP Paribas cut shares of Stellantis from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $11.75.

About Stellantis

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.