Groupama Asset Managment Has $2.88 Million Position in Stellantis N.V. $STLA

Groupama Asset Managment lessened its holdings in Stellantis N.V. (NYSE:STLA) by 47.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 286,609 shares of the company’s stock after selling 258,992 shares during the period. Groupama Asset Managment’s holdings in Stellantis were worth $2,875,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Korea Investment CORP grew its stake in shares of Stellantis by 0.3% in the 2nd quarter. Korea Investment CORP now owns 1,263,996 shares of the company’s stock valued at $12,625,000 after purchasing an additional 3,533 shares during the period. Elgethun Capital Management boosted its stake in Stellantis by 8.2% in the 2nd quarter. Elgethun Capital Management now owns 342,727 shares of the company’s stock valued at $3,438,000 after buying an additional 26,042 shares in the last quarter. Te Ahumairangi Investment Management Ltd grew its position in Stellantis by 40.8% in the second quarter. Te Ahumairangi Investment Management Ltd now owns 740,649 shares of the company’s stock valued at $7,519,000 after acquiring an additional 214,770 shares during the period. Russell Investments Group Ltd. raised its stake in Stellantis by 7.1% during the second quarter. Russell Investments Group Ltd. now owns 310,458 shares of the company’s stock worth $3,112,000 after acquiring an additional 20,483 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Stellantis by 2.1% during the second quarter. Advisors Asset Management Inc. now owns 59,263 shares of the company’s stock valued at $594,000 after acquiring an additional 1,193 shares during the period. Institutional investors own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on STLA. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research note on Tuesday, November 11th. Berenberg Bank raised 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. BNP Paribas raised Stellantis to a “hold” rating in a research note on Tuesday, September 9th. Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, The Goldman Sachs Group raised Stellantis to a “hold” rating in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Stellantis has an average rating of “Hold” and a consensus target price of $11.75.

Stellantis Stock Up 3.1%

Shares of STLA opened at $10.65 on Friday. The business’s fifty day moving average price is $10.26 and its two-hundred day moving average price is $9.94. Stellantis N.V. has a 52 week low of $8.39 and a 52 week high of $14.28. 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 (NYSE:STLA) last released its earnings results on Thursday, October 30th. The company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The firm had revenue of $87.44 billion during the quarter, compared to the consensus estimate of $87.94 billion. As a group, equities analysts forecast that Stellantis N.V. will post 2.3 EPS for the current year.

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.