Stellantis N.V. $STLA Shares Sold by Groupe des Assurances du Credit Mutuel

Groupe des Assurances du Credit Mutuel trimmed its holdings in Stellantis N.V. (NYSE:STLA) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,053,819 shares of the company’s stock after selling 1,030,000 shares during the quarter. Stellantis comprises about 37.1% of Groupe des Assurances du Credit Mutuel’s investment portfolio, making the stock its largest holding. Groupe des Assurances du Credit Mutuel’s holdings in Stellantis were worth $109,486,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. National Bank of Canada FI boosted its holdings in Stellantis by 3.7% in the third quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock valued at $306,000 after purchasing an additional 1,186 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Stellantis by 28.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 7,110 shares of the company’s stock valued at $77,000 after purchasing an additional 1,586 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Stellantis by 8.7% in the third quarter. SBI Securities Co. Ltd. now owns 22,138 shares of the company’s stock valued at $207,000 after purchasing an additional 1,781 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Stellantis by 3.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 54,189 shares of the company’s stock valued at $506,000 after purchasing an additional 1,817 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in Stellantis by 17.6% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 12,201 shares of the company’s stock valued at $133,000 after purchasing an additional 1,827 shares in the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Price Performance

STLA stock opened at $7.41 on Tuesday. The company has a market capitalization of $27.90 billion, a P/E ratio of 29.65, a PEG ratio of 0.26 and a beta of 1.39. Stellantis N.V. has a twelve month low of $6.28 and a twelve month high of $12.22. The business has a 50 day simple moving average of $7.44 and a 200-day simple moving average of $9.07. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50.

Stellantis (NYSE:STLA) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The company had revenue of $44.14 billion for the quarter. As a group, equities analysts anticipate that Stellantis N.V. will post 1 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Freedom Capital raised Stellantis from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Zacks Research raised Stellantis from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Loop Capital set a $8.00 price objective on Stellantis in a report on Monday, March 2nd. Kepler Capital Markets downgraded Stellantis from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Finally, Wolfe Research raised Stellantis from an “underperform” rating to a “peer perform” rating in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Stellantis currently has a consensus rating of “Hold” and an average target price of $11.12.

Stellantis Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.