Diligent Investors LLC Sells 10,098 Shares of Stellantis N.V. $STLA

Diligent Investors LLC lowered its position in Stellantis N.V. (NYSE:STLA) by 45.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,037 shares of the company’s stock after selling 10,098 shares during the period. Diligent Investors LLC’s holdings in Stellantis were worth $121,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings 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 valued at $37,000 after buying an additional 1,167 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of Stellantis by 8.0% in the first quarter. Ballentine Partners LLC now owns 17,792 shares of the company’s stock valued at $199,000 after buying an additional 1,317 shares during the last quarter. Strengthening Families & Communities LLC raised its stake in shares of Stellantis by 4.0% in the first quarter. Strengthening Families & Communities LLC now owns 44,038 shares of the company’s stock worth $494,000 after acquiring an additional 1,700 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Stellantis by 10.3% in the first quarter. National Bank of Canada FI now owns 19,132 shares of the company’s stock worth $214,000 after acquiring an additional 1,786 shares during the last quarter. Finally, United Services Automobile Association raised its stake in shares of Stellantis by 3.0% in the first quarter. United Services Automobile Association now owns 69,214 shares of the company’s stock worth $776,000 after acquiring an additional 1,997 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on STLA shares. Jefferies Financial Group raised shares of Stellantis from a “hold” rating to a “buy” rating and boosted their target price for the stock from $10.25 to $13.20 in a research note on Wednesday, June 25th. Bank of America cut shares of Stellantis from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a research report on Saturday, September 27th. Zacks Research downgraded Stellantis from a “hold” rating to a “strong sell” rating in a research report on Monday, August 25th. Finally, BNP Paribas Exane initiated coverage on Stellantis in a report on Monday, September 8th. They set a “neutral” rating and a $10.10 price objective for the company. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $12.04.

Stellantis Price Performance

STLA stock opened at $10.73 on Friday. The stock has a 50-day moving average price of $9.50 and a two-hundred day moving average price of $9.84. The stock has a market cap of $32.45 billion, a PE ratio of 3.15, a price-to-earnings-growth ratio of 0.68 and a beta of 1.52. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. Stellantis N.V. has a 1 year low of $8.39 and a 1 year high of $14.28.

Stellantis 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.