Stellantis (NYSE:STLA) Shares Acquired by Addison Advisors LLC

Addison Advisors LLC lifted its holdings in shares of Stellantis (NYSE:STLA) by 29.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,170 shares of the company’s stock after buying an additional 1,610 shares during the period. Addison Advisors LLC’s holdings in Stellantis were worth $94,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. purchased a new stake in shares of Stellantis during the fourth quarter worth approximately $26,000. Darwin Wealth Management LLC purchased a new stake in shares of Stellantis during the third quarter worth approximately $47,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after purchasing an additional 1,489 shares in the last quarter. Spire Wealth Management increased its position in shares of Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after purchasing an additional 1,211 shares in the last quarter. Finally, Central Pacific Bank Trust Division grew its holdings in Stellantis by 160.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock valued at $85,000 after buying an additional 4,000 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Evercore ISI assumed coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating for the company. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Stellantis presently has an average rating of “Hold” and a consensus target price of $27.34.

Stellantis Price Performance

Shares of NYSE:STLA opened at $14.05 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a 52-week low of $12.12 and a 52-week high of $29.51. The business has a fifty day moving average of $13.16 and a two-hundred day moving average of $13.88.

About Stellantis

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.