Stellantis N.V. $STLA Shares Bought by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP raised its holdings in Stellantis N.V. (NYSE:STLA) by 99.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 364,409 shares of the company’s stock after buying an additional 181,747 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Stellantis were worth $3,362,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Montag A & Associates Inc. acquired a new position in shares of Stellantis during the third quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB boosted its stake in Stellantis by 137.9% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 5,524 shares of the company’s stock worth $52,000 after purchasing an additional 3,202 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Stellantis by 63.8% during the 2nd 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 last quarter. CIBC Private Wealth Group LLC grew its position in Stellantis by 15,964.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 8,193 shares of the company’s stock worth $76,000 after purchasing an additional 8,142 shares during the last quarter. Finally, AlphaCore Capital LLC increased its stake in Stellantis by 322.1% during the 3rd quarter. AlphaCore Capital LLC now owns 10,155 shares of the company’s stock valued at $95,000 after purchasing an additional 7,749 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on STLA. TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a report on Friday, December 12th. Morgan Stanley downgraded Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 target price on the stock. in a research report on Tuesday, February 3rd. Freedom Capital lowered Stellantis from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Wolfe Research raised Stellantis from an “underperform” rating to a “peer perform” rating in a research report on Monday, February 9th. Finally, Piper Sandler set a $15.00 price target on Stellantis and gave the company an “overweight” rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.12.

Stellantis Stock Down 2.5%

STLA opened at $6.34 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 0.74. Stellantis N.V. has a 12-month low of $6.28 and a 12-month high of $12.51. The firm has a 50 day moving average of $8.29 and a two-hundred day moving average of $9.72.

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.