Stellantis (NYSE:STLA) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC cut its holdings in shares of Stellantis (NYSE:STLA) by 43.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,264 shares of the company’s stock after selling 13,028 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Stellantis were worth $242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Rothschild Investment LLC acquired a new position in Stellantis during the 2nd quarter valued at about $25,000. ORG Partners LLC acquired a new position in shares of Stellantis during the second quarter valued at about $38,000. Waldron Private Wealth LLC purchased a new position in shares of Stellantis in the 3rd quarter valued at approximately $33,000. Central Pacific Bank Trust Division acquired a new stake in Stellantis in the 3rd quarter worth approximately $35,000. Finally, Ridgewood Investments LLC purchased a new stake in Stellantis during the 2nd quarter worth approximately $54,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft downgraded Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Evercore ISI initiated coverage on shares of Stellantis in a report on Monday, November 11th. They set an “inline” rating for the company. Nomura Securities raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.34.

Stellantis Stock Down 0.2 %

NYSE:STLA opened at $13.34 on Friday. Stellantis has a 52 week low of $12.74 and a 52 week high of $29.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The stock’s 50-day moving average price is $13.98 and its 200-day moving average price is $17.59.

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.