swisspartners Advisors Ltd Acquires 281,240 Shares of Stellantis (NYSE:STLA)

swisspartners Advisors Ltd raised its holdings in Stellantis (NYSE:STLA) by 82.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 622,100 shares of the company’s stock after acquiring an additional 281,240 shares during the period. Stellantis comprises approximately 6.8% of swisspartners Advisors Ltd’s holdings, making the stock its 4th biggest position. swisspartners Advisors Ltd’s holdings in Stellantis were worth $8,741,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Rothschild Investment LLC bought a new position in Stellantis during the 2nd quarter worth approximately $25,000. Waldron Private Wealth LLC bought a new position in Stellantis during the third quarter worth $33,000. Central Pacific Bank Trust Division acquired a new position in Stellantis in the third quarter valued at $35,000. ORG Partners LLC bought a new stake in Stellantis during the second quarter valued at $38,000. Finally, Cromwell Holdings LLC boosted its position in Stellantis by 52.9% during the third 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 last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Up 0.6 %

Shares of STLA traded up $0.08 on Friday, reaching $13.70. The company’s stock had a trading volume of 7,359,381 shares, compared to its average volume of 6,856,615. Stellantis has a twelve month low of $12.74 and a twelve month high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $14.55 and a 200-day moving average of $18.40.

Insider Activity at Stellantis

In other news, major shareholder N.V. Stellantis bought 2,982,089 shares of Stellantis stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $3.35 per share, for a total transaction of $9,989,998.15. Following the purchase, the insider now directly owns 59,734,962 shares in the company, valued at $200,112,122.70. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft cut Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Nomura upgraded shares of Stellantis from a “neutral” rating to a “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 research note on Wednesday, August 7th. Finally, Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Stellantis currently has an average rating of “Hold” and a consensus price target of $27.34.

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.