Neuberger Berman Group LLC Sells 43,429 Shares of Stellantis N.V. (NYSE:STLA)

Neuberger Berman Group LLC lessened its holdings in Stellantis N.V. (NYSE:STLA) by 54.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,819 shares of the company’s stock after selling 43,429 shares during the quarter. Neuberger Berman Group LLC’s holdings in Stellantis were worth $397,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Stellantis in the fourth quarter worth $29,000. GAMMA Investing LLC lifted its position in shares of Stellantis by 422.3% in the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock worth $35,000 after purchasing an additional 2,538 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Stellantis by 54.5% in the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company’s stock worth $37,000 after purchasing an additional 1,167 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Stellantis by 136.5% in the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock worth $43,000 after purchasing an additional 2,200 shares in the last quarter. Finally, WealthCollab LLC lifted its position in shares of Stellantis by 96.5% in the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company’s stock worth $60,000 after purchasing an additional 2,256 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on STLA. DZ Bank upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 22nd. Wolfe Research lowered shares of Stellantis from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, July 2nd. Redburn Atlantic lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 22nd. Bank of America lowered shares of Stellantis from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. Finally, Jefferies Financial Group raised shares of Stellantis from a “hold” rating to a “buy” rating and upped their price target for the stock from $10.25 to $13.20 in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.74.

Stellantis Price Performance

Shares of STLA opened at $9.81 on Friday. The firm has a market capitalization of $29.66 billion, a PE ratio of 2.88, a PEG ratio of 0.58 and a beta of 1.45. The company’s 50-day moving average is $9.69 and its 200-day moving average is $10.70. Stellantis N.V. has a fifty-two week low of $8.39 and a fifty-two week high of $16.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77.

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.