Allianz Asset Management GmbH Trims Stock Position in Stellantis (NYSE:STLA)

Allianz Asset Management GmbH trimmed its position in Stellantis (NYSE:STLA) by 29.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,231,319 shares of the company’s stock after selling 3,010,945 shares during the quarter. Allianz Asset Management GmbH owned about 0.24% of Stellantis worth $94,369,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. purchased a new stake in Stellantis in the 4th quarter valued at about $26,000. Waldron Private Wealth LLC acquired a new stake in shares of Stellantis during the third quarter valued at about $33,000. Cromwell Holdings LLC raised its stake in shares of Stellantis by 52.9% in the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after acquiring an additional 1,036 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of Stellantis in the 3rd quarter worth approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Stellantis by 67.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after acquiring an additional 1,489 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI began coverage on Stellantis in a research report on Monday, November 11th. They issued an “inline” rating on the stock. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.34.

Stellantis Price Performance

Shares of STLA opened at $13.95 on Friday. The company has a market cap of $42.16 billion, a P/E ratio of 4.20 and a beta of 1.58. Stellantis has a fifty-two week low of $12.12 and a fifty-two week high of $29.51. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average price is $13.13 and its 200 day moving average price is $13.92.

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.