Headlands Technologies LLC Makes New Investment in Stellantis N.V. $STLA

Headlands Technologies LLC purchased a new position in shares of Stellantis N.V. (NYSE:STLA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 108,939 shares of the company’s stock, valued at approximately $625,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Stellantis during the 4th quarter worth approximately $553,692,000. Viking Global Investors LP purchased a new position in Stellantis in the 4th quarter valued at approximately $434,320,000. Bank of America Corp DE boosted its position in Stellantis by 84.7% in the 1st quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock valued at $166,746,000 after buying an additional 10,783,370 shares during the period. Banco Santander S.A. grew its stake in shares of Stellantis by 99.9% in the fourth quarter. Banco Santander S.A. now owns 19,046,160 shares of the company’s stock worth $207,413,000 after acquiring an additional 9,520,576 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Stellantis by 122.8% in the fourth quarter. Franklin Resources Inc. now owns 18,753,235 shares of the company’s stock worth $205,019,000 after acquiring an additional 10,337,920 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Price Performance

Shares of STLA opened at $5.26 on Thursday. The firm has a market capitalization of $19.82 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 0.31 and a beta of 1.44. The firm’s fifty day simple moving average is $5.58 and its 200-day simple moving average is $6.76. Stellantis N.V. has a twelve month low of $5.05 and a twelve month high of $12.22. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.59.

Stellantis (NYSE:STLA) last issued its earnings results on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The firm had revenue of $49.63 billion for the quarter. Equities analysts forecast that Stellantis N.V. will post 0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on STLA. Truist Financial set a $9.00 price objective on Stellantis in a research report on Friday, May 22nd. Evercore set a $7.50 target price on Stellantis in a research note on Friday, July 31st. Bank of America cut Stellantis from a “neutral” rating to an “underperform” rating in a research note on Monday, May 11th. HSBC lowered Stellantis from a “hold” rating to a “reduce” rating in a research report on Friday, July 3rd. Finally, Sanford C. Bernstein cut Stellantis from a “market perform” rating to an “underperform” rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $8.66.

About Stellantis

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.