Stellantis N.V. $STLA Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. decreased its stake in shares of Stellantis N.V. (NYSE:STLA) by 42.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,949 shares of the company’s stock after selling 24,694 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Stellantis were worth $330,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in STLA. Goldman Sachs Group Inc. increased its stake in shares of Stellantis by 208.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company’s stock worth $1,069,067,000 after acquiring an additional 64,406,866 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of Stellantis in the first quarter valued at about $368,520,000. Hsbc Holdings PLC increased its position 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 last quarter. Groupe la Francaise purchased a new position in Stellantis during the first quarter worth about $62,123,000. Finally, Nuveen LLC acquired a new position in Stellantis in the 1st quarter valued at about $56,349,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Stock Down 2.2%

Shares of NYSE STLA opened at $10.39 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. Stellantis N.V. has a twelve month low of $8.39 and a twelve month high of $14.28. The stock has a fifty day simple moving average of $10.14 and a 200-day simple moving average of $9.92.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a report on Monday, October 13th. Zacks Research raised Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. BNP Paribas raised Stellantis to a “hold” rating in a research note on Tuesday, September 9th. Berenberg Bank upgraded Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price target for the company in a report on Friday, September 19th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.04.

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.