SkyView Investment Advisors LLC Lowers Holdings in Stellantis N.V. $STLA

SkyView Investment Advisors LLC decreased its holdings in Stellantis N.V. (NYSE:STLA) by 85.9% in the second quarter, HoldingsChannel.com reports. The fund owned 40,000 shares of the company’s stock after selling 243,105 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Stellantis were worth $230,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. WINTON GROUP Ltd bought a new position in Stellantis in the 2nd quarter worth approximately $769,000. Engineers Gate Manager LP grew its holdings in Stellantis by 439.1% during the 2nd quarter. Engineers Gate Manager LP now owns 333,091 shares of the company’s stock valued at $1,894,000 after buying an additional 271,303 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Stellantis by 21.7% during the second quarter. Integrated Wealth Concepts LLC now owns 53,102 shares of the company’s stock valued at $305,000 after buying an additional 9,465 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Stellantis by 1,534.8% in the second quarter. IFP Advisors Inc now owns 4,463 shares of the company’s stock worth $26,000 after buying an additional 4,190 shares in the last quarter. Finally, Corient Private Wealth LP lifted its holdings in shares of Stellantis by 77.6% in the second quarter. Corient Private Wealth LP now owns 31,604 shares of the company’s stock worth $182,000 after buying an additional 13,811 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Trading Down 2.3%

Shares of STLA opened at $5.28 on Tuesday. The stock has a market capitalization of $19.85 billion, a PE ratio of 13.53, a P/E/G ratio of 0.31 and a beta of 1.44. The company’s fifty day moving average is $5.52 and its 200 day moving average is $6.63. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.76 and a current ratio of 1.04. Stellantis N.V. has a fifty-two week low of $5.05 and a fifty-two week high of $12.22.

Stellantis (NYSE:STLA) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The business had revenue of $49.63 billion for the quarter. Sell-side analysts expect that Stellantis N.V. will post 0.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on STLA. TD Cowen restated a “hold” rating on shares of Stellantis in a research report on Wednesday, August 26th. HSBC cut shares of Stellantis from a “hold” rating to a “reduce” rating in a research note on Friday, July 3rd. Sanford C. Bernstein downgraded shares of Stellantis from a “market perform” rating to an “underperform” rating in a report on Friday, August 7th. UBS Group lowered Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, August 3rd. Finally, Piper Sandler cut Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 target price on the stock. in a report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $7.87.

Stellantis Company Profile

Stellantis N.V. (NYSE: STLA) is a global automaker that designs, develops, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. The company serves customers across North America, Europe, South America, the Middle East, Africa and other international markets.

Stellantis’ portfolio includes a broad range of vehicle brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall.