FNY Investment Advisers LLC Acquires New Shares in Stellantis N.V. $STLA

FNY Investment Advisers LLC acquired a new stake in Stellantis N.V. (NYSE:STLA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,800 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Stellantis by 208.0% in the first quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company’s stock valued at $1,069,067,000 after acquiring an additional 64,406,866 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Stellantis by 3.3% in the first quarter. Vanguard Group Inc. now owns 87,342,145 shares of the company’s stock valued at $979,629,000 after acquiring an additional 2,791,016 shares in the last quarter. Amundi raised its holdings in shares of Stellantis by 6.4% in the first quarter. Amundi now owns 78,473,374 shares of the company’s stock valued at $801,213,000 after acquiring an additional 4,708,200 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of Stellantis in the first quarter valued at about $368,520,000. Finally, Canada Pension Plan Investment Board raised its holdings in shares of Stellantis by 6.2% in the first quarter. Canada Pension Plan Investment Board now owns 15,131,049 shares of the company’s stock valued at $168,031,000 after acquiring an additional 885,749 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wolfe Research lowered Stellantis from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, July 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a research note on Friday. BNP Paribas upgraded Stellantis to a “hold” rating in a research note on Tuesday, September 9th. BNP Paribas Exane assumed coverage on Stellantis in a research note on Monday, September 8th. They issued a “neutral” rating and a $10.10 target price on the stock. Finally, Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Stellantis has an average rating of “Hold” and a consensus price target of $12.04.

Stellantis Price Performance

Shares of STLA stock opened at $10.90 on Friday. Stellantis N.V. has a fifty-two week low of $8.39 and a fifty-two week high of $14.28. The firm has a market capitalization of $32.94 billion, a price-to-earnings ratio of 3.20, a PEG ratio of 0.74 and a beta of 1.52. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06. The stock’s 50-day simple moving average is $9.88 and its 200-day simple moving average is $9.79.

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.