Jefferies Financial Group Inc. Has $470,000 Holdings in Stellantis N.V. $STLA

Jefferies Financial Group Inc. lessened its holdings in shares of Stellantis N.V. (NYSE:STLAFree Report) by 85.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,305 shares of the company’s stock after selling 248,000 shares during the period. Jefferies Financial Group Inc.’s holdings in Stellantis were worth $470,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Italy grew its position in shares of Stellantis by 11.6% during the 3rd quarter. Bank of Italy now owns 36,630,307 shares of the company’s stock worth $338,212,000 after purchasing an additional 3,800,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Stellantis by 19.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803,310 shares of the company’s stock worth $19,908,000 after acquiring an additional 298,611 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of Stellantis during the 4th quarter worth approximately $77,209,000. Compagnie Lombard Odier SCmA boosted its position in shares of Stellantis by 440.1% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 250,022 shares of the company’s stock worth $2,778,000 after acquiring an additional 203,731 shares in the last quarter. Finally, Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group acquired a new stake in shares of Stellantis during the 4th quarter worth approximately $4,434,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on STLA shares. Loop Capital set a $8.00 price target on shares of Stellantis in a research report on Monday, March 2nd. Truist Financial set a $9.00 price target on shares of Stellantis in a research report on Friday, May 22nd. Wall Street Zen upgraded shares of Stellantis from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Freedom Capital upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Citigroup reiterated a “buy” rating on shares of Stellantis in a research report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.91.

Read Our Latest Analysis on STLA

Stellantis Stock Performance

NYSE STLA opened at $7.98 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $30.02 billion, a price-to-earnings ratio of 31.90, a P/E/G ratio of 0.28 and a beta of 1.39. The firm’s 50 day simple moving average is $7.62 and its 200 day simple moving average is $8.93. Stellantis N.V. has a 1 year low of $6.28 and a 1 year high of $12.22.

Stellantis (NYSE:STLAGet Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The company had revenue of $44.14 billion during the quarter. As a group, research analysts expect that Stellantis N.V. will post 1.01 earnings per share for the current fiscal year.

Key Headlines Impacting Stellantis

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About Stellantis

(Free Report)

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.

Further Reading

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Institutional Ownership by Quarter for Stellantis (NYSE:STLA)

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