Belpointe Asset Management LLC Has $47,000 Stake in Stellantis (NYSE:STLA)

Belpointe Asset Management LLC decreased its position in Stellantis (NYSE:STLA – Get Rating) by 81.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,303 shares of the company’s stock after selling 14,604 shares during the quarter. Belpointe Asset Management LLC’s holdings in Stellantis were worth $47,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantinno Capital Management LP bought a new position in shares of Stellantis in the 3rd quarter valued at about $130,000. PDT Partners LLC bought a new position in shares of Stellantis in the 3rd quarter valued at about $169,000. M&G Investment Management Ltd. grew its holdings in shares of Stellantis by 10.1% in the 4th quarter. M&G Investment Management Ltd. now owns 6,276,541 shares of the company’s stock valued at $87,351,000 after acquiring an additional 576,389 shares in the last quarter. Aviva PLC grew its holdings in shares of Stellantis by 102.5% in the 3rd quarter. Aviva PLC now owns 2,386,459 shares of the company’s stock valued at $28,661,000 after acquiring an additional 1,208,049 shares in the last quarter. Finally, Trexquant Investment LP grew its holdings in shares of Stellantis by 767.4% in the 3rd quarter. Trexquant Investment LP now owns 330,178 shares of the company’s stock valued at $3,909,000 after acquiring an additional 292,114 shares in the last quarter. Institutional investors and hedge funds own 32.95% of the company’s stock.

Stellantis Stock Performance

Stellantis stock opened at $15.74 on Thursday. Stellantis has a 52 week low of $11.37 and a 52 week high of $18.97. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The stock has a 50-day simple moving average of $17.12 and a 200 day simple moving average of $16.18.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded Stellantis from a “sector perform” rating to an “outperform” rating in a report on Friday, March 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.50.

Stellantis Company Profile

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Stellantis NV engages in the design, manufacture, distribution, and sale of vehicles. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall brands. The company was founded on April 01, 2014 and is headquartered in Hoofddorp, the Netherlands.