Amundi Sells 23,871,988 Shares of Stellantis (NYSE:STLA)

Amundi cut its holdings in Stellantis (NYSE:STLA) by 24.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,765,174 shares of the company’s stock after selling 23,871,988 shares during the period. Amundi’s holdings in Stellantis were worth $941,981,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in STLA. FMR LLC increased its position in Stellantis by 4.9% in the third quarter. FMR LLC now owns 3,137,594 shares of the company’s stock worth $44,083,000 after purchasing an additional 145,583 shares during the last quarter. Four Tree Island Advisory LLC purchased a new position in shares of Stellantis in the 4th quarter worth approximately $2,019,000. World Investment Advisors LLC purchased a new position in shares of Stellantis in the 3rd quarter worth approximately $1,324,000. Sound Income Strategies LLC lifted its stake in Stellantis by 13.4% in the fourth quarter. Sound Income Strategies LLC now owns 317,637 shares of the company’s stock worth $4,145,000 after purchasing an additional 37,627 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd lifted its stake in Stellantis by 28.3% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock worth $7,408,000 after purchasing an additional 118,635 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

STLA has been the subject of several analyst reports. Evercore ISI initiated coverage on shares of Stellantis in a research note on Monday, November 11th. They issued an “inline” rating for the company. TD Cowen started coverage on shares of Stellantis in a research note on Friday. They issued a “hold” rating and a $13.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $24.47.

Stellantis Price Performance

NYSE:STLA opened at $12.75 on Friday. The firm has a market cap of $38.53 billion, a P/E ratio of 3.74 and a beta of 1.64. The stock has a 50 day moving average of $13.11 and a two-hundred day moving average of $13.76. Stellantis has a 12 month low of $11.40 and a 12 month high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

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.