Banco Santander S.A. Has $207.41 Million Stock Position in Stellantis N.V. $STLA

Banco Santander S.A. lifted its position in shares of Stellantis N.V. (NYSE:STLA) by 99.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,046,160 shares of the company’s stock after buying an additional 9,520,576 shares during the quarter. Stellantis comprises 1.6% of Banco Santander S.A.’s holdings, making the stock its 12th biggest position. Banco Santander S.A.’s holdings in Stellantis were worth $207,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of STLA. Capital Research Global Investors raised its stake in Stellantis by 34.9% in the fourth quarter. Capital Research Global Investors now owns 4,236,161 shares of the company’s stock valued at $46,769,000 after purchasing an additional 1,096,413 shares in the last quarter. Norges Bank acquired a new position in Stellantis in the fourth quarter valued at about $553,692,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Stellantis by 19.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803,310 shares of the company’s stock valued at $19,908,000 after purchasing an additional 298,611 shares in the last quarter. Leonteq Securities AG acquired a new position in Stellantis in the fourth quarter valued at about $77,209,000. Finally, Compagnie Lombard Odier SCmA raised its stake in Stellantis by 440.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 250,022 shares of the company’s stock valued at $2,778,000 after purchasing an additional 203,731 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Trading Down 0.2%

Shares of Stellantis stock opened at $6.88 on Friday. Stellantis N.V. has a 1 year low of $6.28 and a 1 year high of $12.22. The firm has a market cap of $25.88 billion, a PE ratio of 27.50, a P/E/G ratio of 0.44 and a beta of 1.41. The stock has a fifty day moving average price of $7.70 and a 200-day moving average price of $8.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.03 and a quick ratio of 0.75.

Stellantis (NYSE:STLA) last announced its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $44.14 billion for the quarter. Equities research analysts anticipate that Stellantis N.V. will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Citigroup reissued a “neutral” rating on shares of Stellantis in a research note on Tuesday. Zacks Research raised Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. TD Cowen reissued a “hold” rating on shares of Stellantis in a research note on Friday, May 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a research note on Monday, April 20th. Finally, Bank of America downgraded Stellantis from a “neutral” rating to an “underperform” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Stellantis presently has an average rating of “Hold” and an average price target of $10.91.

Stellantis Company 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.