Vontobel Holding Ltd. Increases Stake in Stellantis (NYSE:STLA)

Vontobel Holding Ltd. increased its holdings in Stellantis (NYSE:STLA) by 51.1% in the third quarter, Holdings Channel reports. The fund owned 1,679,441 shares of the company’s stock after purchasing an additional 567,867 shares during the quarter. Vontobel Holding Ltd.’s holdings in Stellantis were worth $23,206,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of STLA. Rothschild Investment LLC purchased a new position in Stellantis during the second quarter valued at approximately $25,000. Central Pacific Bank Trust Division purchased a new position in shares of Stellantis in the 3rd quarter valued at $35,000. Westend Capital Management LLC bought a new position in shares of Stellantis in the 1st quarter worth $38,000. ORG Partners LLC purchased a new stake in shares of Stellantis during the 2nd quarter worth $38,000. Finally, Ridgewood Investments LLC bought a new stake in Stellantis during the second quarter valued at about $54,000. Institutional investors own 59.48% of the company’s stock.

Analysts Set New Price Targets

STLA has been the subject of several analyst reports. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Nomura Securities raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $16.44 price target (down from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Finally, Sanford C. Bernstein started coverage on Stellantis in a research note on Friday, June 28th. They set a “market perform” rating and a $23.50 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Stellantis currently has an average rating of “Hold” and a consensus target price of $27.34.

Insider Buying and Selling

In related news, major shareholder N.V. Stellantis purchased 2,982,089 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $3.35 per share, with a total value of $9,989,998.15. Following the transaction, the insider now owns 59,734,962 shares of the company’s stock, valued at approximately $200,112,122.70. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.02% of the stock is currently owned by corporate insiders.

Stellantis Stock Performance

STLA opened at $13.03 on Thursday. The firm has a 50 day moving average of $15.16 and a two-hundred day moving average of $19.48. The firm has a market capitalization of $40.81 billion, a PE ratio of 3.63, a P/E/G ratio of 0.35 and a beta of 1.62. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. Stellantis has a 12-month low of $12.74 and a 12-month high of $29.51.

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.