Vontobel Holding Ltd. Has $14.03 Million Stake in Stellantis (NYSE:STLA)

Vontobel Holding Ltd. decreased its position in Stellantis (NYSE:STLA) by 35.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,076,962 shares of the company’s stock after selling 602,479 shares during the period. Vontobel Holding Ltd.’s holdings in Stellantis were worth $14,034,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STLA. Franklin Resources Inc. boosted its stake in Stellantis by 74.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock worth $102,340,000 after purchasing an additional 3,252,492 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Stellantis by 464.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock valued at $45,618,000 after buying an additional 2,671,500 shares during the period. Banco Santander S.A. acquired a new stake in shares of Stellantis during the 3rd quarter valued at $26,679,000. AustralianSuper Pty Ltd boosted its stake in shares of Stellantis by 26.3% during the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock valued at $125,597,000 after buying an additional 1,894,146 shares during the period. Finally, Conifer Management L.L.C. boosted its stake in shares of Stellantis by 26.4% during the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock valued at $126,450,000 after buying an additional 1,880,000 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI began coverage on shares of Stellantis in a research note on Monday, November 11th. They set an “inline” rating for the company. Seven research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.34.

Stellantis Stock Up 3.7 %

Stellantis stock opened at $14.04 on Friday. The company has a market capitalization of $42.43 billion, a P/E ratio of 4.23, a P/E/G ratio of 0.38 and a beta of 1.58. The firm’s fifty day simple moving average is $13.11 and its 200-day simple moving average is $14.00. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. Stellantis has a 1-year low of $12.12 and a 1-year high of $29.51.

Stellantis Company 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.