Stellantis N.V. $STLA Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its holdings in shares of Stellantis N.V. (NYSE:STLA) by 29.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,042 shares of the company’s stock after selling 9,233 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Stellantis were worth $221,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in shares of Stellantis in the second quarter worth $28,000. SVB Wealth LLC acquired a new position in shares of Stellantis during the 1st quarter valued at $35,000. Atlantic Union Bankshares Corp purchased a new stake in Stellantis during the 2nd quarter worth $37,000. Harbour Investments Inc. increased its holdings in Stellantis by 136.5% in the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock valued at $43,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Stellantis in the 2nd quarter valued at $74,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Stock Performance

Shares of STLA opened at $10.32 on Thursday. Stellantis N.V. has a one year low of $8.39 and a one year high of $14.28. The stock has a 50-day moving average price of $10.24 and a 200 day moving average price of $9.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.06 and a quick ratio of 0.77.

Stellantis (NYSE:STLA) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($1.32). The business had revenue of $87.44 billion during the quarter, compared to the consensus estimate of $87.94 billion. On average, equities analysts forecast that Stellantis N.V. will post 2.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Berenberg Bank upgraded Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective on the stock in a research note on Friday, September 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a report on Wednesday, October 8th. Citigroup reissued a “neutral” rating on shares of Stellantis in a research report on Tuesday, November 11th. Zacks Research raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, BNP Paribas upgraded shares of Stellantis to a “hold” rating in a research note on Tuesday, September 9th. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.75.

Stellantis Company 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.