Vanguard Group Inc. Has $2.37 Billion Holdings in Stellantis (NYSE:STLA)

Vanguard Group Inc. raised its stake in Stellantis (NYSE:STLA) by 1.2% in the 1st quarter, HoldingsChannel reports. The fund owned 83,818,351 shares of the company’s stock after buying an additional 972,232 shares during the quarter. Vanguard Group Inc.’s holdings in Stellantis were worth $2,372,059,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westend Capital Management LLC acquired a new stake in Stellantis in the 1st quarter valued at about $38,000. Cape Investment Advisory Inc. increased its position in Stellantis by 424.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock valued at $50,000 after acquiring an additional 1,736 shares in the last quarter. Solstein Capital LLC acquired a new stake in Stellantis in the 4th quarter valued at about $50,000. Scarborough Advisors LLC acquired a new stake in Stellantis in the 4th quarter valued at about $59,000. Finally, Lindbrook Capital LLC increased its position in Stellantis by 23.1% in the 1st quarter. Lindbrook Capital LLC now owns 3,751 shares of the company’s stock valued at $106,000 after acquiring an additional 704 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analyst Ratings Changes

STLA has been the topic of several recent research reports. Morgan Stanley raised their target price on shares of Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Sanford C. Bernstein initiated coverage on shares of Stellantis in a research note on Friday, June 28th. They issued a “market perform” rating and a $23.50 target price on the stock. Barclays raised shares of Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.55.

Stellantis Price Performance

Stellantis stock traded down $0.31 during midday trading on Friday, hitting $20.21. 7,659,801 shares of the stock were exchanged, compared to its average volume of 5,852,693. The company has a fifty day simple moving average of $21.13 and a two-hundred day simple moving average of $23.59. Stellantis has a 52 week low of $17.57 and a 52 week high of $29.51. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24.

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.