Generali Asset Management SPA SGR Makes New Investment in Stellantis (NYSE:STLA)

Generali Asset Management SPA SGR bought a new position in shares of Stellantis (NYSE:STLA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,276,400 shares of the company’s stock, valued at approximately $53,858,000. Stellantis makes up about 1.4% of Generali Asset Management SPA SGR’s holdings, making the stock its 11th biggest holding. Generali Asset Management SPA SGR owned 0.14% of Stellantis as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of STLA. PDS Planning Inc bought a new stake in shares of Stellantis in the 4th quarter worth approximately $134,000. Corient Private Wealth LLC raised its holdings in shares of Stellantis by 10.4% in the 4th quarter. Corient Private Wealth LLC now owns 77,603 shares of the company’s stock worth $1,013,000 after purchasing an additional 7,279 shares during the period. Rakuten Securities Inc. raised its holdings in shares of Stellantis by 792.6% in the 4th quarter. Rakuten Securities Inc. now owns 9,488 shares of the company’s stock worth $124,000 after purchasing an additional 8,425 shares during the period. Great Lakes Advisors LLC raised its holdings in shares of Stellantis by 8.6% in the 4th quarter. Great Lakes Advisors LLC now owns 144,809 shares of the company’s stock worth $1,890,000 after purchasing an additional 11,465 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Stellantis by 10.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company’s stock worth $212,000 after purchasing an additional 1,481 shares during the period. Institutional investors own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

STLA has been the topic of a number of research reports. Cowen initiated coverage on shares of Stellantis in a report on Thursday, March 6th. They issued a “hold” rating on the stock. TD Cowen assumed coverage on shares of Stellantis in a research note on Friday, March 7th. They issued a “hold” rating and a $13.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.84.

Stellantis Stock Up 1.5 %

STLA opened at $12.57 on Tuesday. The company has a fifty day moving average price of $13.05 and a 200-day moving average price of $13.52. The firm has a market capitalization of $37.99 billion, a P/E ratio of 3.68 and a beta of 1.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a one year low of $11.40 and a one year 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.