BNP Paribas Sells 300,000 Shares of Stellantis N.V. $STLA

BNP Paribas reduced its position in shares of Stellantis N.V. (NYSE:STLAFree Report) by 96.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,000 shares of the company’s stock after selling 300,000 shares during the period. BNP Paribas’ holdings in Stellantis were worth $111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in STLA. Montag A & Associates Inc. bought a new position in Stellantis during the 3rd quarter worth $34,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Stellantis by 137.9% in the third 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 grew its stake in shares of Stellantis by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock valued at $63,000 after acquiring an additional 2,448 shares in the last quarter. AlphaCore Capital LLC grew its stake in shares of Stellantis by 322.1% in the third quarter. AlphaCore Capital LLC now owns 10,155 shares of the company’s stock valued at $95,000 after acquiring an additional 7,749 shares in the last quarter. Finally, Olympiad Research LP bought a new position in Stellantis during the third quarter worth about $104,000. 59.48% of the stock is currently owned by institutional investors.

Key Stellantis News

Here are the key news stories impacting Stellantis this week:

Analysts Set New Price Targets

STLA has been the subject of several analyst reports. Piper Sandler set a $15.00 price objective on shares of Stellantis and gave the stock an “overweight” rating in a research note on Thursday, January 8th. The Goldman Sachs Group raised shares of Stellantis to a “hold” rating in a report on Monday, November 24th. Wall Street Zen upgraded shares of Stellantis from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Wolfe Research upgraded Stellantis from an “underperform” rating to a “peer perform” rating in a research note on Monday, February 9th. Finally, HSBC reissued a “hold” rating on shares of Stellantis in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.12.

View Our Latest Analysis on Stellantis

Stellantis Stock Down 5.2%

Shares of Stellantis stock opened at $6.51 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. Stellantis N.V. has a 12-month low of $6.50 and a 12-month high of $12.74. The firm’s 50-day moving average price is $8.74 and its two-hundred day moving average price is $9.83.

Stellantis Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding STLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stellantis N.V. (NYSE:STLAFree Report).

Institutional Ownership by Quarter for Stellantis (NYSE:STLA)

Receive News & Ratings for Stellantis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stellantis and related companies with MarketBeat.com's FREE daily email newsletter.