Vise Technologies Inc. Purchases New Holdings in Stellantis N.V. $STLA

Vise Technologies Inc. acquired a new stake in shares of Stellantis N.V. (NYSE:STLA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 46,598 shares of the company’s stock, valued at approximately $467,000.

Other institutional investors also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Stellantis in the second quarter worth $221,000. Monaco Asset Management SAM acquired a new position in Stellantis during the 2nd quarter worth $2,257,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Stellantis in the 2nd quarter worth about $2,417,000. Credit Industriel ET Commercial raised its stake in shares of Stellantis by 11.4% in the 2nd quarter. Credit Industriel ET Commercial now owns 140,002 shares of the company’s stock valued at $1,396,000 after purchasing an additional 14,339 shares in the last quarter. Finally, Aviva PLC raised its stake in shares of Stellantis by 81.3% in the 2nd quarter. Aviva PLC now owns 2,322,896 shares of the company’s stock valued at $23,265,000 after purchasing an additional 1,041,684 shares in the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Price Performance

Shares of NYSE STLA opened at $10.39 on Friday. Stellantis N.V. has a 12-month low of $8.39 and a 12-month high of $14.28. The stock has a 50 day simple moving average of $10.14 and a 200-day simple moving average of $9.92. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37.

Wall Street Analyst Weigh In

Several brokerages have recently commented on STLA. BNP Paribas upgraded Stellantis to a “hold” rating in a research report on Tuesday, September 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a report on Wednesday, October 8th. BNP Paribas Exane started coverage on shares of Stellantis in a research note on Monday, September 8th. They set a “neutral” rating and a $10.10 target price for the company. Zacks Research upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Berenberg Bank raised shares of Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective for the company in a research report on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.