Neuberger Berman Group LLC Acquires 666,435 Shares of Stellantis (NASDAQ:STLA)

Neuberger Berman Group LLC raised its holdings in Stellantis (NASDAQ:STLAGet Rating) by 26.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,229,440 shares of the company’s stock after buying an additional 666,435 shares during the period. Neuberger Berman Group LLC’s holdings in Stellantis were worth $53,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in STLA. San Luis Wealth Advisors LLC purchased a new stake in shares of Stellantis in the first quarter valued at about $28,000. CWM LLC raised its holdings in shares of Stellantis by 129.8% in the first quarter. CWM LLC now owns 2,859 shares of the company’s stock valued at $47,000 after purchasing an additional 1,615 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Stellantis by 36.2% in the first quarter. Quadrant Capital Group LLC now owns 8,859 shares of the company’s stock valued at $144,000 after purchasing an additional 2,355 shares during the last quarter. Keebeck Alpha LP purchased a new stake in shares of Stellantis in the first quarter valued at about $175,000. Finally, JJJ Advisors Inc. raised its holdings in shares of Stellantis by 156.1% in the first quarter. JJJ Advisors Inc. now owns 11,042 shares of the company’s stock valued at $179,000 after purchasing an additional 6,731 shares during the last quarter. 31.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on STLA. Royal Bank of Canada increased their target price on shares of Stellantis from €19.00 ($19.39) to €21.00 ($21.43) and gave the company a “sector perform” rating in a report on Tuesday, August 2nd. UBS Group decreased their price objective on shares of Stellantis from €25.00 ($25.51) to €18.50 ($18.88) in a report on Friday, July 8th. Exane BNP Paribas downgraded shares of Stellantis from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 29th. Finally, BNP Paribas downgraded shares of Stellantis from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 28th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.50.

Stellantis Trading Down 0.5 %

STLA opened at $13.47 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $13.73 and a 200-day moving average price of $14.15. Stellantis has a twelve month low of $11.37 and a twelve month high of $21.92.

Stellantis Profile

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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.

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Institutional Ownership by Quarter for Stellantis (NASDAQ:STLA)

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