PDS Planning Inc Makes New $134,000 Investment in Stellantis (NYSE:STLA)

PDS Planning Inc purchased a new stake in Stellantis (NYSE:STLA) during the 4th quarter, Holdings Channel reports. The firm purchased 10,247 shares of the company’s stock, valued at approximately $134,000.

A number of other hedge funds have also modified their holdings of the business. Empowered Funds LLC raised its stake in Stellantis by 12.5% in the 3rd quarter. Empowered Funds LLC now owns 44,194 shares of the company’s stock valued at $621,000 after purchasing an additional 4,925 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Stellantis in the third quarter valued at approximately $318,000. Prospera Financial Services Inc raised its position in shares of Stellantis by 9.5% in the third quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock valued at $192,000 after buying an additional 1,192 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Stellantis during the third quarter valued at approximately $47,000. Finally, Banco Santander S.A. acquired a new stake in Stellantis during the third quarter worth approximately $26,679,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Price Performance

Shares of Stellantis stock opened at $12.68 on Thursday. The stock has a market capitalization of $38.32 billion, a P/E ratio of 3.72 and a beta of 1.64. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average price is $13.04 and its 200 day moving average price is $13.48. Stellantis has a twelve month low of $11.40 and a twelve month high of $29.51.

Wall Street Analyst Weigh In

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

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.