Headlands Technologies LLC Sells 15,986 Shares of Stellantis (NYSE:STLA)

Headlands Technologies LLC lowered its stake in shares of Stellantis (NYSE:STLA) by 59.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,966 shares of the company’s stock after selling 15,986 shares during the period. Headlands Technologies LLC’s holdings in Stellantis were worth $143,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in Stellantis by 25.7% in the fourth quarter. Franklin Resources Inc. now owns 9,563,705 shares of the company’s stock worth $124,309,000 after purchasing an additional 1,958,142 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its position in shares of Stellantis by 45.5% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 2,156,410 shares of the company’s stock worth $28,323,000 after buying an additional 674,832 shares during the period. Life Planning Partners Inc bought a new position in shares of Stellantis in the 4th quarter worth about $85,000. Allianz SE purchased a new position in Stellantis during the 4th quarter valued at about $1,488,000. Finally, Orion Portfolio Solutions LLC boosted its stake in Stellantis by 7.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company’s stock worth $211,000 after acquiring an additional 1,149 shares in the last quarter. 59.48% of the stock is owned by institutional investors.

Stellantis Stock Down 4.8 %

Stellantis stock opened at $9.72 on Friday. Stellantis has a 12 month low of $9.36 and a 12 month high of $27.56. The stock has a fifty day simple moving average of $12.71 and a two-hundred day simple moving average of $13.14. 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 firm has a market cap of $29.37 billion, a price-to-earnings ratio of 2.85 and a beta of 1.44.

Analysts Set New Price Targets

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

Stellantis Company 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.