Swiss National Bank Sells 571,602 Shares of Stellantis (NYSE:STLA)

Swiss National Bank decreased its position in Stellantis (NYSE:STLA) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,772,042 shares of the company’s stock after selling 571,602 shares during the period. Swiss National Bank’s holdings in Stellantis were worth $75,413,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. grew its position in Stellantis by 792.6% in the fourth quarter. Rakuten Securities Inc. now owns 9,488 shares of the company’s stock valued at $124,000 after purchasing an additional 8,425 shares in the last quarter. Great Lakes Advisors LLC increased its position in shares of Stellantis by 8.6% in the fourth quarter. Great Lakes Advisors LLC now owns 144,809 shares of the company’s stock valued at $1,890,000 after acquiring an additional 11,465 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Stellantis by 10.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company’s stock valued at $212,000 after purchasing an additional 1,481 shares during the last quarter. Ruffer LLP boosted its position in Stellantis by 64.7% during the fourth quarter. Ruffer LLP now owns 1,479,686 shares of the company’s stock valued at $19,285,000 after purchasing an additional 581,386 shares during the last quarter. Finally, Blankinship & Foster LLC acquired a new position in shares of Stellantis during the 4th quarter worth approximately $135,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on STLA. TD Cowen started coverage on shares of Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 target price on the stock. Cowen began coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a “hold” rating for the company. Nine equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Stellantis presently has an average rating of “Hold” and an average target price of $20.84.

Stellantis Stock Performance

Shares of STLA stock opened at $12.39 on Friday. Stellantis has a 52 week low of $11.40 and a 52 week high of $29.51. The company has a market capitalization of $37.44 billion, a price-to-earnings ratio of 3.63 and a beta of 1.64. The company has a 50-day simple moving average of $13.06 and a 200 day simple moving average of $13.57. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14.

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.