Exane Asset Management Sells 699,546 Shares of Stellantis N.V. $STLA

Exane Asset Management lowered its position in Stellantis N.V. (NYSE:STLA) by 53.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 598,225 shares of the company’s stock after selling 699,546 shares during the period. Stellantis comprises 2.5% of Exane Asset Management’s holdings, making the stock its 11th largest position. Exane Asset Management’s holdings in Stellantis were worth $5,972,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in Stellantis by 422.3% in the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock valued at $35,000 after acquiring an additional 2,538 shares during the period. SVB Wealth LLC acquired a new position in shares of Stellantis in the 1st quarter valued at approximately $35,000. Farther Finance Advisors LLC increased its stake in Stellantis by 54.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company’s stock worth $37,000 after purchasing an additional 1,167 shares in the last quarter. Harbour Investments Inc. raised its holdings in Stellantis by 136.5% during the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock worth $43,000 after buying an additional 2,200 shares during the period. Finally, Plancorp LLC bought a new position in Stellantis in the second quarter valued at approximately $100,000. 59.48% of the stock is currently owned by institutional investors.

Stellantis Trading Down 1.0%

Stellantis stock opened at $9.22 on Monday. The company has a market cap of $27.87 billion, a price-to-earnings ratio of 2.70, a P/E/G ratio of 0.58 and a beta of 1.46. The firm has a 50-day moving average of $9.49 and a 200-day moving average of $9.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77. Stellantis N.V. has a one year low of $8.39 and a one year high of $16.29.

Analysts Set New Price Targets

Several brokerages have recently issued reports on STLA. BNP Paribas Exane initiated coverage on shares of Stellantis in a research report on Monday, September 8th. They set a “neutral” rating and a $10.10 price objective for the company. Berenberg Bank upgraded Stellantis from a “hold” rating to a “buy” rating and set a $11.20 target price for the company in a report on Friday, September 19th. Wolfe Research lowered Stellantis from a “peer perform” rating to an “underperform” rating in a report on Wednesday, July 2nd. Bank of America cut Stellantis from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. Finally, Zacks Research lowered Stellantis from a “hold” rating to a “strong sell” rating in a research report on Monday, August 25th. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Stellantis has an average rating of “Hold” 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.