Exane Asset Management Has $12.96 Million Stock Holdings in Stellantis N.V. $STLA

Exane Asset Management increased its position in shares of Stellantis N.V. (NYSE:STLA) by 134.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,401,411 shares of the company’s stock after purchasing an additional 803,186 shares during the period. Stellantis makes up 4.6% of Exane Asset Management’s portfolio, making the stock its 8th largest holding. Exane Asset Management’s holdings in Stellantis were worth $12,961,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new position in shares of Stellantis during the second quarter valued at approximately $28,000. Atlantic Union Bankshares Corp purchased a new position in Stellantis during the 2nd quarter valued at $37,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Stellantis by 137.9% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 5,524 shares of the company’s stock valued at $52,000 after acquiring an additional 3,202 shares during the period. EverSource Wealth Advisors LLC increased its stake in Stellantis by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock worth $63,000 after purchasing an additional 2,448 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Stellantis during the second quarter worth $74,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on STLA shares. TD Cowen restated a “hold” rating on shares of Stellantis in a report on Friday, December 12th. Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a research report on Tuesday, November 11th. The Goldman Sachs Group raised shares of Stellantis to a “hold” rating in a research note on Monday, November 24th. Sanford C. Bernstein reissued a “market perform” rating and issued a $9.90 price objective on shares of Stellantis in a research note on Wednesday, January 14th. Finally, BNP Paribas Exane downgraded Stellantis from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.77.

Stellantis Stock Up 0.8%

NYSE STLA opened at $9.76 on Wednesday. The firm’s 50 day moving average price is $10.79 and its 200-day moving average price is $10.18. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. Stellantis N.V. has a 52-week low of $8.39 and a 52-week high of $14.28.

Stellantis (NYSE:STLA) last posted its earnings results on Thursday, October 30th. The company reported ($0.91) earnings per share 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. On average, equities analysts forecast that Stellantis N.V. will post 2.3 EPS for the current year.

Stellantis Profile

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.