Assetmark Inc. acquired a new position in Stellantis (NYSE:STLA – Get Rating) during the 3rd quarter, HoldingsChannel reports. The fund acquired 2,770 shares of the company’s stock, valued at approximately $33,000.
Other institutional investors also recently modified their holdings of the company. Koshinski Asset Management Inc. bought a new stake in shares of Stellantis in the third quarter worth $349,000. SeaCrest Wealth Management LLC bought a new stake in shares of Stellantis in the second quarter worth $26,000. Hexagon Capital Partners LLC grew its stake in shares of Stellantis by 224.3% in the third quarter. Hexagon Capital Partners LLC now owns 3,000 shares of the company’s stock worth $36,000 after purchasing an additional 2,075 shares during the last quarter. CWM LLC lifted its holdings in Stellantis by 73.7% in the third quarter. CWM LLC now owns 3,347 shares of the company’s stock valued at $40,000 after buying an additional 1,420 shares during the period. Finally, Ronald Blue Trust Inc. boosted its position in Stellantis by 310.9% during the third quarter. Ronald Blue Trust Inc. now owns 3,965 shares of the company’s stock valued at $49,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors own 32.95% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on STLA. Berenberg Bank dropped their price objective on Stellantis from €21.00 ($22.83) to €19.00 ($20.65) in a research note on Friday, October 14th. Nomura Instinet upgraded Stellantis from a “neutral” rating to a “buy” rating in a report on Thursday, October 20th. Finally, Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a report on Thursday, October 20th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Stellantis presently has a consensus rating of “Moderate Buy” and an average price target of $21.00.
Stellantis Trading Up 0.5 %
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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