Groupama Asset Managment Increases Stock Position in Stellantis N.V. $STLA

Groupama Asset Managment raised its stake in shares of Stellantis N.V. (NYSE:STLA) by 55.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 236,270 shares of the company’s stock after purchasing an additional 84,764 shares during the period. Groupama Asset Managment’s holdings in Stellantis were worth $2,573,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. United Community Bank acquired a new position in shares of Stellantis in the 4th quarter worth approximately $26,000. Flagship Harbor Advisors LLC acquired a new stake in Stellantis in the 4th quarter valued at approximately $27,000. Montag A & Associates Inc. purchased a new stake in Stellantis in the third quarter valued at approximately $34,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Stellantis by 113.6% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock valued at $36,000 after purchasing an additional 1,755 shares during the period. Finally, Cromwell Holdings LLC lifted its stake in Stellantis by 1,402.0% during the fourth quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock worth $41,000 after purchasing an additional 3,477 shares in the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Stock Performance

Shares of STLA stock opened at $6.36 on Friday. The firm has a 50 day moving average of $7.63 and a two-hundred day moving average of $8.60. The stock has a market capitalization of $23.92 billion, a PE ratio of 25.42, a P/E/G ratio of 0.42 and a beta of 1.41. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.50. Stellantis N.V. has a 52 week low of $6.28 and a 52 week high of $12.22.

Stellantis (NYSE:STLA) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The company had revenue of $44.14 billion for the quarter. On average, research analysts predict that Stellantis N.V. will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

STLA has been the subject of several research analyst reports. Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a report on Monday, April 20th. Freedom Capital raised Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Wall Street Zen upgraded Stellantis from a “sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, Loop Capital set a $8.00 target price on Stellantis in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.90.

About Stellantis

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.