Capital International Sarl Acquires New Position in Stellantis (NYSE:STLA)

Capital International Sarl acquired a new stake in shares of Stellantis (NYSE:STLA) in the first quarter, HoldingsChannel reports. The fund acquired 60,130 shares of the company’s stock, valued at approximately $1,709,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nvwm LLC bought a new position in Stellantis in the 4th quarter worth about $885,000. Wells Fargo & Company MN grew its position in Stellantis by 12.5% in the 4th quarter. Wells Fargo & Company MN now owns 596,174 shares of the company’s stock worth $13,903,000 after purchasing an additional 66,427 shares during the last quarter. Cim LLC bought a new position in Stellantis in the 4th quarter worth about $1,977,000. Assenagon Asset Management S.A. grew its position in Stellantis by 122.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 149,052 shares of the company’s stock worth $3,482,000 after purchasing an additional 82,074 shares during the last quarter. Finally, Freemont Management S.A. bought a new position in Stellantis in the 4th quarter worth about $3,032,000. Institutional investors own 59.48% of the company’s stock.

Analysts Set New Price Targets

STLA has been the subject of several recent analyst reports. Barclays upgraded shares of Stellantis to a “strong-buy” rating in a research report on Monday, June 17th. 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 report on Thursday, April 11th. Finally, Sanford C. Bernstein initiated coverage on shares of Stellantis in a report on Friday, June 28th. They issued a “market perform” rating and a $23.50 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.55.

Stellantis Stock Performance

STLA stock traded down $0.42 on Friday, hitting $17.67. 12,014,053 shares of the company’s stock traded hands, compared to its average volume of 6,012,990. Stellantis has a 1-year low of $17.42 and a 1-year high of $29.51. The stock has a fifty day moving average of $20.76 and a 200-day moving average of $23.47. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24.

About Stellantis

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.