Atomi Financial Group Inc. Acquires 2,474 Shares of Stellantis (NYSE:STLA)

Atomi Financial Group Inc. boosted its holdings in shares of Stellantis (NYSE:STLA) by 22.7% during the 1st quarter, Holdings Channel reports. The fund owned 13,394 shares of the company’s stock after buying an additional 2,474 shares during the period. Atomi Financial Group Inc.’s holdings in Stellantis were worth $379,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STLA. Vanguard Group Inc. grew its holdings in Stellantis by 10.5% during the 3rd quarter. Vanguard Group Inc. now owns 83,232,805 shares of the company’s stock worth $1,592,244,000 after acquiring an additional 7,883,816 shares in the last quarter. Dfpg Investments LLC purchased a new stake in shares of Stellantis during the fourth quarter valued at about $204,000. Sound Income Strategies LLC lifted its position in shares of Stellantis by 10.0% during the fourth quarter. Sound Income Strategies LLC now owns 155,686 shares of the company’s stock valued at $3,631,000 after buying an additional 14,182 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of Stellantis during the fourth quarter valued at about $40,000. Finally, KMG Fiduciary Partners LLC purchased a new stake in shares of Stellantis during the fourth quarter valued at about $1,600,000. 59.48% of the stock is currently owned by institutional investors.

Stellantis Stock Up 0.2 %

NYSE STLA traded up $0.05 on Monday, reaching $20.36. The stock had a trading volume of 3,355,637 shares, compared to its average volume of 5,806,668. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95. Stellantis has a 12-month low of $17.57 and a 12-month high of $29.51. The business’s 50-day moving average price is $21.28 and its 200 day moving average price is $23.70.

Analyst Ratings Changes

Several analysts have commented on the stock. Berenberg Bank reissued a “hold” rating on shares of Stellantis in a research report on Tuesday, March 26th. Sanford C. Bernstein initiated coverage on shares of Stellantis in a research report on Friday, June 28th. They issued a “market perform” rating and a $23.50 price objective for the company. Morgan Stanley increased their price objective on shares of Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Barclays raised shares of Stellantis to a “strong-buy” rating in a research report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.55.

Stellantis Company 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.