Stellantis (NYSE:STLA) Shares Sold by Swiss National Bank

Swiss National Bank decreased its stake in shares of Stellantis (NYSE:STLA) by 4.0% during the third quarter, HoldingsChannel reports. The firm owned 6,343,644 shares of the company’s stock after selling 264,448 shares during the quarter. Swiss National Bank’s holdings in Stellantis were worth $87,929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Sequoia Financial Advisors LLC increased its stake in Stellantis by 4.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock valued at $288,000 after purchasing an additional 636 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Stellantis by 6.0% in the first quarter. EverSource Wealth Advisors LLC now owns 11,519 shares of the company’s stock worth $326,000 after acquiring an additional 656 shares during the period. Legacy Capital Group California Inc. increased its stake in shares of Stellantis by 7.0% in the second quarter. Legacy Capital Group California Inc. now owns 10,777 shares of the company’s stock worth $214,000 after acquiring an additional 707 shares during the period. CWM LLC increased its stake in shares of Stellantis by 7.6% in the second quarter. CWM LLC now owns 12,424 shares of the company’s stock worth $247,000 after acquiring an additional 874 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in shares of Stellantis by 2.4% in the second quarter. Evergreen Capital Management LLC now owns 41,257 shares of the company’s stock worth $819,000 after acquiring an additional 971 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Price Performance

NYSE:STLA opened at $13.39 on Tuesday. The company’s 50-day moving average price is $13.94 and its 200-day moving average price is $17.47. 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 twelve month low of $12.74 and a twelve month high of $29.51.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on STLA. Nomura Securities upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Jefferies Financial Group reiterated a “hold” rating and issued a $16.44 price objective (down previously from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Finally, Evercore ISI began coverage on shares of Stellantis in a research report on Monday, November 11th. They set an “inline” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.34.

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.