625,899 Shares in Stellantis N.V. $STLA Bought by SEB Asset Management AB

SEB Asset Management AB purchased a new stake in shares of Stellantis N.V. (NYSE:STLA) during the 1st quarter, HoldingsChannel reports. The firm purchased 625,899 shares of the company’s stock, valued at approximately $4,370,000.

Other institutional investors have also recently modified their holdings of the company. Swiss National Bank boosted its position in Stellantis by 26.8% in the first quarter. Swiss National Bank now owns 6,981,716 shares of the company’s stock valued at $48,774,000 after buying an additional 1,477,637 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Stellantis by 72.9% in the 1st quarter. Assetmark Inc. now owns 132,840 shares of the company’s stock valued at $942,000 after acquiring an additional 56,018 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Stellantis in the first quarter worth $248,000. J. Safra Sarasin Holding AG purchased a new position in shares of Stellantis during the first quarter worth $94,000. Finally, Summit Financial Strategies Inc. acquired a new position in Stellantis during the first quarter valued at $83,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on STLA shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a research note on Friday, July 17th. Truist Financial set a $9.00 price target on Stellantis in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Stellantis in a report on Tuesday, July 14th. Freedom Capital raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Finally, HSBC cut shares of Stellantis from a “hold” rating to a “reduce” rating in a research note on Friday, July 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.01.

Stellantis Stock Performance

Shares of STLA stock opened at $5.79 on Thursday. The company has a market capitalization of $21.80 billion, a P/E ratio of 23.17, a P/E/G ratio of 0.29 and a beta of 1.46. The business’s 50 day moving average is $6.59 and its two-hundred day moving average is $7.65. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50. Stellantis N.V. has a 12-month low of $5.25 and a 12-month high of $12.22.

Stellantis (NYSE:STLA) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The business had revenue of $44.14 billion during the quarter. Analysts expect that Stellantis N.V. will post 0.7 EPS for the current fiscal year.

Stellantis Company Profile

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.