SG Americas Securities LLC Purchases 29,948 Shares of Stellantis (NASDAQ:STLA)

SG Americas Securities LLC raised its position in shares of Stellantis (NASDAQ:STLAGet Rating) by 161.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,446 shares of the company’s stock after acquiring an additional 29,948 shares during the quarter. SG Americas Securities LLC’s holdings in Stellantis were worth $788,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. National Bank of Canada FI purchased a new position in shares of Stellantis during the fourth quarter valued at approximately $283,000. Commonwealth Equity Services LLC lifted its holdings in shares of Stellantis by 7.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 22,452 shares of the company’s stock valued at $421,000 after purchasing an additional 1,607 shares during the last quarter. Yousif Capital Management LLC purchased a new position in shares of Stellantis during the fourth quarter valued at approximately $910,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Stellantis by 2.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 858,437 shares of the company’s stock valued at $16,041,000 after purchasing an additional 20,343 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Stellantis by 4.1% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 16,592,355 shares of the company’s stock valued at $311,924,000 after purchasing an additional 651,720 shares during the last quarter. 47.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on STLA shares. Bank of America lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a report on Tuesday, April 26th. BNP Paribas lowered shares of Stellantis from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 28th. Morgan Stanley decreased their price objective on shares of Stellantis from €20.00 ($20.62) to €18.50 ($19.07) and set an “overweight” rating for the company in a report on Monday, May 9th. Sanford C. Bernstein started coverage on shares of Stellantis in a report on Tuesday, May 17th. They issued a “market perform” rating for the company. Finally, UBS Group decreased their price objective on shares of Stellantis from €25.00 ($25.77) to €18.50 ($19.07) in a report on Friday, July 8th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.60.

Stellantis Stock Up 1.7 %

Shares of STLA opened at $14.62 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $13.36 and a two-hundred day simple moving average of $15.37. Stellantis has a 1-year low of $11.37 and a 1-year high of $21.99.

About Stellantis

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Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, and production systems worldwide. It provides luxury, premium, and mainstream passenger vehicles; pickup trucks, sport utility vehicles, and commercial vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.

Further Reading

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Institutional Ownership by Quarter for Stellantis (NASDAQ:STLA)

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