Generali Asset Management SPA SGR cut its position in shares of Stellantis N.V. (NYSE:STLA – Free Report) by 19.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,754,157 shares of the company’s stock after selling 877,911 shares during the period. Generali Asset Management SPA SGR’s holdings in Stellantis were worth $16,368,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in the company. Bank of America Corp DE grew its position in shares of Stellantis by 84.7% during the 1st quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock worth $166,746,000 after buying an additional 10,783,370 shares in the last quarter. Swiss National Bank increased its stake in shares of Stellantis by 26.8% during the first quarter. Swiss National Bank now owns 6,981,716 shares of the company’s stock valued at $48,774,000 after buying an additional 1,477,637 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Stellantis by 19.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,501,139 shares of the company’s stock valued at $24,810,000 after buying an additional 574,048 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Stellantis by 118.4% in the first quarter. Renaissance Technologies LLC now owns 3,365,143 shares of the company’s stock valued at $23,540,000 after acquiring an additional 1,824,139 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Stellantis by 3.3% in the first quarter. Pictet Asset Management Holding SA now owns 1,563,595 shares of the company’s stock valued at $10,916,000 after acquiring an additional 49,349 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on STLA. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a research note on Tuesday, July 14th. Piper Sandler downgraded shares of Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 target price on the stock. in a research report on Monday, July 27th. Berenberg Bank lowered shares of Stellantis from a “buy” rating to a “hold” rating in a report on Wednesday, September 16th. Wall Street Zen lowered shares of Stellantis from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Stellantis has an average rating of “Reduce” and an average price target of $7.38.
Read Our Latest Research Report on Stellantis
Stellantis Trading Up 1.4%
Shares of NYSE STLA opened at $4.14 on Wednesday. The stock has a market capitalization of $15.58 billion, a PE ratio of 10.61 and a beta of 1.49. The stock’s fifty day simple moving average is $4.82 and its two-hundred day simple moving average is $6.69. Stellantis N.V. has a 12-month low of $3.92 and a 12-month high of $12.22.
Stellantis (NYSE:STLA – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $49.63 billion during the quarter. On average, equities analysts predict that Stellantis N.V. will post 0.41 earnings per share for the current fiscal year.
About Stellantis
Stellantis N.V. (NYSE: STLA) is a global automotive company formed in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA. The company designs, engineers, manufactures and sells passenger cars, light commercial vehicles and mobility solutions across markets worldwide.
Stellantis operates a broad portfolio of automotive brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall. Its products range from mass-market cars and sport utility vehicles to commercial vans, performance vehicles and luxury automobiles.
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