Stellantis N.V. $STLA Shares Purchased by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd raised its stake in shares of Stellantis N.V. (NYSE:STLA) by 18.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,568,936 shares of the company’s stock after purchasing an additional 1,922,363 shares during the period. AustralianSuper Pty Ltd owned 0.42% of Stellantis worth $126,002,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd acquired a new position in Stellantis during the second quarter worth approximately $269,000. Banco Santander S.A. increased its position in shares of Stellantis by 10.5% in the second quarter. Banco Santander S.A. now owns 10,739,102 shares of the company’s stock worth $107,713,000 after acquiring an additional 1,023,509 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Stellantis by 58.5% in the second quarter. Envestnet Asset Management Inc. now owns 169,180 shares of the company’s stock worth $1,696,000 after acquiring an additional 62,444 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Stellantis in the second quarter worth $125,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Stellantis in the second quarter worth $101,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. BNP Paribas Exane assumed coverage on shares of Stellantis in a research report on Monday, September 8th. They issued a “neutral” rating and a $10.10 price objective for the company. BNP Paribas raised shares of Stellantis to a “hold” rating in a research report on Tuesday, September 9th. Bank of America lowered shares of Stellantis from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. Berenberg Bank raised shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective for the company in a research report on Friday, September 19th. Finally, Wolfe Research lowered shares of Stellantis from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.04.

Stellantis Price Performance

STLA opened at $10.90 on Monday. The company has a fifty day simple moving average of $9.88 and a 200 day simple moving average of $9.80. Stellantis N.V. has a twelve month low of $8.39 and a twelve month high of $14.28. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37.

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.