Stellantis N.V. $STLA Stock Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its stake in shares of Stellantis N.V. (NYSE:STLA) by 7,589.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 553,669 shares of the company’s stock after acquiring an additional 546,469 shares during the period. TD Waterhouse Canada Inc.’s holdings in Stellantis were worth $2,597,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Ellsworth Advisors LLC bought a new position in shares of Stellantis in the third quarter worth $2,022,000. WealthPLAN Partners LLC purchased a new position in shares of Stellantis in the third quarter valued at $71,000. KMG Fiduciary Partners LLC purchased a new position in shares of Stellantis in the third quarter valued at $78,000. Taylor & Morgan Wealth Management LLC grew its position in shares of Stellantis by 84.6% in the third quarter. Taylor & Morgan Wealth Management LLC now owns 24,000 shares of the company’s stock valued at $105,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Stellantis by 37.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 27,118 shares of the company’s stock valued at $118,000 after purchasing an additional 7,357 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

Stellantis stock opened at $4.33 on Wednesday. Stellantis N.V. has a 1-year low of $4.19 and a 1-year high of $12.22. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $16.28 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 0.37 and a beta of 1.49. The firm’s 50 day simple moving average is $4.94 and its 200 day simple moving average is $6.18.

Stellantis (NYSE:STLA) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The firm had revenue of $49.63 billion during the quarter. As a group, analysts expect that Stellantis N.V. will post 0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on STLA shares. Morgan Stanley cut Stellantis from an “equal weight” rating to an “underweight” rating and set a $5.20 price objective on the stock. in a report on Monday, September 14th. Freedom Broker cut their target price on Stellantis from $7.50 to $6.80 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Piper Sandler lowered Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 target price for the company. in a report on Monday, July 27th. HSBC lowered Stellantis from a “hold” rating to a “reduce” rating in a report on Friday, July 3rd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Stellantis in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat, Stellantis currently has an average rating of “Reduce” and a consensus price target of $7.38.

Stellantis Company Profile

Stellantis N.V. (NYSE: STLA) is a global automotive company formed in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA. The company designs, engineers, manufactures and sells passenger cars, light commercial vehicles and mobility solutions across markets worldwide.

Stellantis operates a broad portfolio of automotive brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall. Its products range from mass-market cars and sport utility vehicles to commercial vans, performance vehicles and luxury automobiles.