Life Planning Partners Inc Invests $85,000 in Stellantis (NYSE:STLA)

Life Planning Partners Inc bought a new stake in Stellantis (NYSE:STLA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,525 shares of the company’s stock, valued at approximately $85,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC increased its holdings in shares of Stellantis by 7.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company’s stock valued at $211,000 after purchasing an additional 1,149 shares during the period. Spire Wealth Management increased its stake in Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after buying an additional 1,211 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Stellantis by 10.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company’s stock worth $212,000 after buying an additional 1,481 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Stellantis by 67.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after acquiring an additional 1,489 shares during the period. Finally, Caprock Group LLC boosted its holdings in shares of Stellantis by 6.9% in the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock valued at $317,000 after acquiring an additional 1,558 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Wall Street Analyst Weigh In

STLA has been the subject of a number of research reports. TD Cowen assumed coverage on Stellantis in a research note on Friday, March 7th. They set a “hold” rating and a $13.00 price target for the company. Piper Sandler cut Stellantis from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. Finally, Cowen began coverage on shares of Stellantis in a research report on Thursday, March 6th. They issued a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Stellantis currently has a consensus rating of “Hold” and an average price target of $19.27.

Stellantis Stock Down 4.0 %

Stellantis stock opened at $11.34 on Friday. 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 has a 1-year low of $11.29 and a 1-year high of $28.49. The firm’s fifty day simple moving average is $12.95 and its 200-day simple moving average is $13.30. The company has a market capitalization of $34.27 billion, a P/E ratio of 3.32 and a beta of 1.64.

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.