Amanah Holdings Trust Invests $11.15 Million in Stellantis N.V. $STLA

Amanah Holdings Trust acquired a new position in shares of Stellantis N.V. (NYSE:STLA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,113,000 shares of the company’s stock, valued at approximately $11,152,000. Stellantis comprises approximately 2.8% of Amanah Holdings Trust’s portfolio, making the stock its 13th biggest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in Stellantis by 208.0% during the first quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company’s stock worth $1,069,067,000 after purchasing an additional 64,406,866 shares during the period. Deutsche Bank AG acquired a new stake in Stellantis during the first quarter worth approximately $368,520,000. Hsbc Holdings PLC grew its stake in Stellantis by 318.6% during the first quarter. Hsbc Holdings PLC now owns 11,808,556 shares of the company’s stock worth $130,893,000 after purchasing an additional 8,987,548 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Stellantis during the fourth quarter worth approximately $93,779,000. Finally, Groupe la Francaise acquired a new stake in Stellantis during the first quarter worth approximately $62,123,000. 59.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

STLA has been the subject of several recent analyst reports. BNP Paribas Exane initiated coverage on Stellantis in a research note on Monday, September 8th. They set a “neutral” rating and a $10.10 target price for the company. BNP Paribas raised Stellantis to a “hold” rating in a research note on Tuesday, September 9th. Bank of America cut Stellantis from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $16.50 to $11.75 in a research note on Monday, July 7th. Zacks Research cut Stellantis from a “hold” rating to a “strong sell” rating in a research note on Monday, August 25th. Finally, Jefferies Financial Group raised Stellantis from a “hold” rating to a “buy” rating and raised their price objective for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Stellantis presently has an average rating of “Reduce” and a consensus target price of $12.21.

Stellantis Stock Down 2.3%

Shares of NYSE:STLA opened at $9.35 on Monday. The business’s 50 day moving average is $9.52 and its 200 day moving average is $10.11. The stock has a market cap of $28.27 billion, a price-to-earnings ratio of 2.74, a PEG ratio of 0.55 and a beta of 1.46. Stellantis N.V. has a 12-month low of $8.39 and a 12-month high of $16.29. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37.

About Stellantis

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.