Stellantis N.V. $STLA is swisspartners Advisors Ltd’s 3rd Largest Position

swisspartners Advisors Ltd grew its holdings in shares of Stellantis N.V. (NYSE:STLA) by 23.5% in the 4th quarter, HoldingsChannel reports. The firm owned 1,239,075 shares of the company’s stock after acquiring an additional 235,990 shares during the quarter. Stellantis accounts for approximately 10.0% of swisspartners Advisors Ltd’s investment portfolio, making the stock its 3rd biggest holding. swisspartners Advisors Ltd’s holdings in Stellantis were worth $13,773,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. United Community Bank bought a new position in Stellantis during the fourth quarter valued at about $26,000. Flagship Harbor Advisors LLC purchased a new position in Stellantis in the fourth quarter valued at about $27,000. Montag A & Associates Inc. bought a new position in shares of Stellantis during the 3rd quarter valued at approximately $34,000. Cromwell Holdings LLC grew its position in shares of Stellantis by 1,402.0% during the 4th quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock valued at $41,000 after acquiring an additional 3,477 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Stellantis by 63.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock worth $63,000 after purchasing an additional 2,448 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on STLA. Bank of America lowered shares of Stellantis from a “neutral” rating to an “underperform” rating in a research report on Monday. Freedom Capital raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Morgan Stanley lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 price objective for the company. in a research note on Tuesday, February 3rd. Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.12.

Stellantis News Roundup

Here are the key news stories impacting Stellantis this week:

• Positive Sentiment: No clearly positive company-specific catalysts were included in the latest headlines.
• Neutral Sentiment: Several law firms issued reminders about the pending Stellantis securities class action and the June 8 lead plaintiff deadline, which mainly adds legal overhang rather than new operational news.
• Neutral Sentiment: Kepler Capital reportedly kept Stellantis at Hold, suggesting some analysts remain on the sidelines rather than turning outright bearish.
• Negative Sentiment: Bank of America downgraded Stellantis N.V. (NYSE: STLA) to Underperform and sharply reduced its price target, citing pressure from Chinese EV competition and weakening turnaround confidence. Article Title
• Negative Sentiment: The repeated class-action notices may keep investors focused on alleged earnings misstatements and potential litigation risk, adding to the stock’s negative tone.

Stellantis Trading Down 3.6%

Shares of Stellantis stock opened at $7.47 on Tuesday. The company’s 50-day moving average price is $7.45 and its 200-day moving average price is $9.19. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50. Stellantis N.V. has a 12-month low of $6.28 and a 12-month high of $12.22. The company has a market cap of $28.10 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 0.58 and a beta of 1.39.

Stellantis (NYSE:STLA) last posted its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $44.14 billion for the quarter. On average, equities analysts expect that Stellantis N.V. will post 0.96 earnings per share for the current fiscal year.

Stellantis Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.