SeaCrest Wealth Management LLC Invests $26,000 in Stellantis (NYSE:STLA)

SeaCrest Wealth Management LLC bought a new position in Stellantis (NYSE:STLAGet Rating) in the 2nd quarter, HoldingsChannel reports. The fund bought 2,137 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors have also modified their holdings of STLA. SG Americas Securities LLC boosted its position in shares of Stellantis by 161.9% in the first quarter. SG Americas Securities LLC now owns 48,446 shares of the company’s stock worth $788,000 after buying an additional 29,948 shares during the period. Commonwealth Equity Services LLC boosted its position in Stellantis by 11.9% during the first quarter. Commonwealth Equity Services LLC now owns 25,131 shares of the company’s stock valued at $408,000 after purchasing an additional 2,679 shares during the last quarter. Baker Ellis Asset Management LLC boosted its position in Stellantis by 8.7% during the first quarter. Baker Ellis Asset Management LLC now owns 101,636 shares of the company’s stock valued at $1,654,000 after purchasing an additional 8,100 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in Stellantis by 105.8% during the first quarter. Advisor Group Holdings Inc. now owns 29,702 shares of the company’s stock valued at $484,000 after purchasing an additional 15,267 shares during the last quarter. Finally, DGS Capital Management LLC boosted its position in Stellantis by 57.0% during the first quarter. DGS Capital Management LLC now owns 29,106 shares of the company’s stock valued at $474,000 after purchasing an additional 10,569 shares during the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

Stellantis Price Performance

NYSE STLA opened at $15.04 on Thursday. Stellantis has a fifty-two week low of $11.37 and a fifty-two week high of $21.92. The stock’s 50-day moving average is $13.23 and its two-hundred day moving average is $13.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 1.17.

Analysts Set New Price Targets

A number of research firms recently issued reports on STLA. Berenberg Bank reduced their price objective on Stellantis from €21.00 ($21.43) to €19.00 ($19.39) in a research report on Friday, October 14th. Nomura raised Stellantis from a “neutral” rating to a “buy” rating in a research report on Thursday, October 20th. Royal Bank of Canada lifted their price objective on Stellantis from €19.00 ($19.39) to €21.00 ($21.43) and gave the company a “sector perform” rating in a research report on Tuesday, August 2nd. Finally, Nomura Instinet raised Stellantis from a “neutral” rating to a “buy” rating in a research report on Thursday, October 20th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Stellantis has an average rating of “Moderate Buy” and a consensus target price of $21.14.

Stellantis Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding STLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stellantis (NYSE:STLAGet Rating).

Institutional Ownership by Quarter for Stellantis (NYSE:STLA)

Receive News & Ratings for Stellantis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stellantis and related companies with MarketBeat.com's FREE daily email newsletter.