Diligent Investors LLC Sells 10,098 Shares of Stellantis N.V. $STLA

Diligent Investors LLC trimmed its stake in Stellantis N.V. (NYSE:STLA) by 45.6% in the second quarter, Holdings Channel reports. The firm owned 12,037 shares of the company’s stock after selling 10,098 shares during the quarter. Diligent Investors LLC’s holdings in Stellantis were worth $121,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. 111 Capital bought a new position in shares of Stellantis in the second quarter valued at $1,819,000. Woodward Diversified Capital LLC bought a new position in shares of Stellantis in the 2nd quarter valued at about $201,000. Sound Income Strategies LLC grew its holdings in Stellantis by 5.7% during the second quarter. Sound Income Strategies LLC now owns 364,752 shares of the company’s stock worth $3,658,000 after purchasing an additional 19,745 shares during the period. Camelot Portfolios LLC grew its holdings in Stellantis by 4.4% during the second quarter. Camelot Portfolios LLC now owns 132,789 shares of the company’s stock worth $1,332,000 after purchasing an additional 5,572 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Stellantis by 6.8% during the 2nd quarter. Signaturefd LLC now owns 44,873 shares of the company’s stock worth $450,000 after acquiring an additional 2,862 shares during the period. 59.48% of the stock is currently owned by institutional investors.

Stellantis Price Performance

Shares of NYSE:STLA opened at $10.73 on Friday. The company has a market cap of $32.45 billion, a price-to-earnings ratio of 3.15, a PEG ratio of 0.68 and a beta of 1.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. The firm has a 50 day simple moving average of $9.50 and a 200 day simple moving average of $9.84. Stellantis N.V. has a one year low of $8.39 and a one year high of $14.28.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a report on Saturday, September 27th. Zacks Research cut shares of Stellantis from a “hold” rating to a “strong sell” rating in a research report on Monday, August 25th. BNP Paribas raised shares of Stellantis to a “hold” rating in a research report on Tuesday, September 9th. Bank of America downgraded shares of Stellantis from a “buy” rating to a “neutral” rating and cut their price target for the stock from $16.50 to $11.75 in a report on Monday, July 7th. Finally, Jefferies Financial Group raised shares of Stellantis from a “hold” rating to a “buy” rating and upped their price target for the stock from $10.25 to $13.20 in a report on Wednesday, June 25th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Stellantis has a consensus rating of “Reduce” and an average price target of $12.04.

Stellantis 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.