nVerses Capital LLC Purchases 17,000 Shares of Stellantis (NYSE:STLA)

nVerses Capital LLC grew its position in Stellantis (NYSE:STLA) by 41.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,900 shares of the company’s stock after acquiring an additional 17,000 shares during the period. nVerses Capital LLC’s holdings in Stellantis were worth $813,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new position in Stellantis during the 2nd quarter worth approximately $25,000. Westend Capital Management LLC bought a new stake in shares of Stellantis in the 1st quarter valued at $38,000. ORG Partners LLC bought a new stake in shares of Stellantis in the 2nd quarter valued at $38,000. Central Pacific Bank Trust Division bought a new stake in shares of Stellantis in the 3rd quarter valued at $35,000. Finally, Ridgewood Investments LLC bought a new stake in shares of Stellantis in the 2nd quarter valued at $54,000. Institutional investors own 59.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $16.44 price objective (down from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.34.

Stellantis Price Performance

STLA stock traded down $0.12 during midday trading on Thursday, reaching $12.91. The company had a trading volume of 1,893,074 shares, compared to its average volume of 6,835,471. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 1 year low of $12.74 and a 1 year high of $29.51. The company has a market capitalization of $40.44 billion, a P/E ratio of 3.63, a P/E/G ratio of 0.35 and a beta of 1.62. The firm has a 50-day moving average price of $15.16 and a 200-day moving average price of $19.48.

Insider Transactions at Stellantis

In other news, major shareholder N.V. Stellantis purchased 2,982,089 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the acquisition, the insider now directly owns 59,734,962 shares of the company’s stock, valued at $200,112,122.70. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.02% of the company’s stock.

Stellantis 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.