Stellantis N.V. $STLA Shares Purchased by Credit Industriel ET Commercial

Credit Industriel ET Commercial increased its stake in Stellantis N.V. (NYSE:STLA) by 11.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 140,002 shares of the company’s stock after acquiring an additional 14,339 shares during the quarter. Credit Industriel ET Commercial’s holdings in Stellantis were worth $1,396,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Stellantis by 422.3% in the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock worth $35,000 after acquiring an additional 2,538 shares during the last quarter. SVB Wealth LLC purchased a new position in Stellantis in the 1st quarter worth about $35,000. Farther Finance Advisors LLC increased its stake in Stellantis by 54.5% in 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. increased its position in shares of Stellantis by 136.5% in the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock worth $43,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Plancorp LLC purchased a new position in shares of Stellantis in the second quarter worth approximately $100,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Trading Up 3.6%

Stellantis stock opened at $10.17 on Tuesday. The company’s fifty day simple moving average is $9.67 and its 200-day simple moving average is $9.76. 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 N.V. has a 12 month low of $8.39 and a 12 month high of $14.28. The stock has a market cap of $30.73 billion, a P/E ratio of 2.98, a P/E/G ratio of 0.62 and a beta of 1.52.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on STLA shares. Zacks Research raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a research report on Wednesday, October 8th. Bank of America downgraded Stellantis from a “buy” rating to a “neutral” rating and lowered their price target for the company from $16.50 to $11.75 in a report on Monday, July 7th. Berenberg Bank upgraded Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price target on the stock in a report on Friday, September 19th. Finally, Wolfe Research downgraded Stellantis from a “peer perform” rating to an “underperform” rating in a report on Wednesday, July 2nd. Two 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.