181,363 Shares in Stellantis N.V. $STLA Bought by 111 Capital

111 Capital bought a new position in Stellantis N.V. (NYSE:STLA) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 181,363 shares of the company’s stock, valued at approximately $1,819,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STLA. Goldman Sachs Group Inc. grew its position in Stellantis by 208.0% in the first quarter. Goldman Sachs Group Inc. now owns 95,367,261 shares of the company’s stock worth $1,069,067,000 after acquiring an additional 64,406,866 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Stellantis during the first quarter worth about $368,520,000. Hsbc Holdings PLC boosted its holdings in shares of Stellantis by 318.6% during the first quarter. Hsbc Holdings PLC now owns 11,808,556 shares of the company’s stock worth $130,893,000 after purchasing an additional 8,987,548 shares during the period. Groupe la Francaise purchased a new stake in shares of Stellantis during the first quarter worth about $62,123,000. Finally, Nuveen LLC purchased a new stake in Stellantis in the first quarter worth about $56,349,000. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Stock Up 3.2%

Shares of NYSE STLA opened at $10.73 on Friday. The firm’s 50-day moving average price is $9.50 and its 200-day moving average price is $9.86. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $32.45 billion, a price-to-earnings ratio of 3.15, a P/E/G ratio of 0.66 and a beta of 1.52. Stellantis N.V. has a 12-month low of $8.39 and a 12-month high of $14.28.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Bank of America downgraded Stellantis from a “buy” rating to a “neutral” rating and cut their price target for the stock from $16.50 to $11.75 in a research note on Monday, July 7th. Zacks Research cut shares of Stellantis from a “hold” rating to a “strong sell” rating in a report on Monday, August 25th. BNP Paribas Exane assumed coverage on shares of Stellantis in a research report on Monday, September 8th. They issued a “neutral” rating and a $10.10 target price for the company. Wolfe Research downgraded shares of Stellantis from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, July 2nd. Finally, BNP Paribas raised shares of Stellantis to a “hold” rating in a research report on Tuesday, September 9th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Stellantis has an average rating of “Reduce” and a consensus target price of $12.04.

Stellantis Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.