10,000 Shares in Stellantis N.V. $STLA Purchased by Plancorp LLC

Plancorp LLC bought a new stake in shares of Stellantis N.V. (NYSE:STLA) in the second quarter, Holdings Channel.com reports. The firm bought 10,000 shares of the company’s stock, valued at approximately $100,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SVB Wealth LLC bought a new stake in shares of Stellantis during the first quarter valued at approximately $35,000. GAMMA Investing LLC grew its holdings in 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 buying an additional 2,538 shares in the last quarter. Farther Finance Advisors LLC increased its position in Stellantis by 54.5% in the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company’s stock valued at $37,000 after acquiring an additional 1,167 shares during the period. Harbour Investments Inc. raised its stake in Stellantis by 136.5% during the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock valued at $43,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Wealthquest Corp bought a new stake in Stellantis during the 1st quarter valued at $102,000. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

Shares of NYSE STLA opened at $9.30 on Friday. The stock’s fifty day simple moving average is $9.49 and its 200 day simple moving average is $9.97. The stock has a market capitalization of $28.10 billion, a price-to-earnings ratio of 2.73, a PEG ratio of 0.61 and a beta of 1.46. 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 52-week low of $8.39 and a 52-week high of $16.29.

Analysts Set New Price Targets

STLA has been the subject of several recent analyst reports. Bank of America cut Stellantis from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $16.50 to $11.75 in a research note on Monday, July 7th. Berenberg Bank raised shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 target price on the stock in a research note on Friday, September 19th. Wolfe Research downgraded shares of Stellantis from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, July 2nd. BNP Paribas upgraded shares of Stellantis to a “hold” rating in a report on Tuesday, September 9th. Finally, Jefferies Financial Group upgraded shares of Stellantis from a “hold” rating to a “buy” rating and raised their price objective for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, 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.