Exane Asset Management Has $48.08 Million Stock Holdings in Stellantis (NASDAQ:STLA)

Exane Asset Management trimmed its position in shares of Stellantis (NASDAQ:STLAGet Rating) by 21.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,893,391 shares of the company’s stock after selling 1,060,870 shares during the period. Stellantis makes up 32.1% of Exane Asset Management’s portfolio, making the stock its biggest holding. Exane Asset Management owned approximately 0.12% of Stellantis worth $48,079,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its holdings in Stellantis by 1,656.4% during the second quarter. Rosenberg Matthew Hamilton now owns 4,268 shares of the company’s stock valued at $53,000 after acquiring an additional 4,025 shares during the period. Diligent Investors LLC lifted its stake in shares of Stellantis by 4.8% in the second quarter. Diligent Investors LLC now owns 30,710 shares of the company’s stock valued at $380,000 after buying an additional 1,400 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Stellantis by 54.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 19,572 shares of the company’s stock valued at $241,000 after buying an additional 6,918 shares during the period. AustralianSuper Pty Ltd lifted its stake in shares of Stellantis by 44.2% in the second quarter. AustralianSuper Pty Ltd now owns 3,132,376 shares of the company’s stock valued at $38,707,000 after buying an additional 959,401 shares during the period. Finally, Vise Technologies Inc. bought a new stake in shares of Stellantis in the first quarter valued at about $256,000. 31.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on STLA. UBS Group reduced their target price on shares of Stellantis from €25.00 ($25.51) to €18.50 ($18.88) in a research note on Friday, July 8th. 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 research note on Tuesday, August 2nd. BNP Paribas cut shares of Stellantis from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 28th. Finally, Exane BNP Paribas cut shares of Stellantis from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 29th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Stellantis currently has a consensus rating of “Moderate Buy” and an average target price of $21.50.

Stellantis Stock Performance

Shares of NASDAQ STLA traded down $0.70 during midday trading on Friday, reaching $12.08. 511,341 shares of the stock were exchanged, compared to its average volume of 6,006,524. The business has a 50-day simple moving average of $13.81 and a two-hundred day simple moving average of $14.12. Stellantis has a 12 month low of $11.37 and a 12 month high of $21.92. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.31.

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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