Weil Company Inc. acquired a new stake in shares of Stellantis (NASDAQ:STLA) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the company’s stock, valued at approximately $178,000.
Other large investors have also recently made changes to their positions in the company. Bank of Italy bought a new position in shares of Stellantis in the first quarter worth about $284,513,000. M&G Investment Management Ltd. bought a new stake in Stellantis during the 1st quarter valued at approximately $11,175,000. swisspartners Advisors Ltd bought a new stake in Stellantis during the 1st quarter valued at approximately $9,278,000. Advisory Research Inc. bought a new stake in Stellantis during the 1st quarter valued at approximately $12,388,000. Finally, Acadian Asset Management LLC bought a new stake in Stellantis during the 1st quarter valued at approximately $584,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:STLA opened at $20.77 on Friday. The company’s 50-day simple moving average is $18.41. Stellantis has a 1 year low of $8.75 and a 1 year high of $21.39. The firm has a market cap of $42.05 billion, a price-to-earnings ratio of 136.88 and a beta of 1.71. The company has a quick ratio of 0.82, a current ratio of 1.03 and a debt-to-equity ratio of 0.66.
A number of analysts have issued reports on the company. Jefferies Financial Group lifted their price objective on Stellantis from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, March 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Stellantis in a report on Monday, March 15th. AlphaValue upgraded Stellantis to a “buy” rating in a report on Tuesday, March 2nd. Citigroup assumed coverage on Stellantis in a report on Wednesday, February 24th. They set a “buy” rating for the company. Finally, Zacks Investment Research raised Stellantis from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research report on Tuesday, May 11th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $22.67.
Stellantis NV is an automobile company, which engages in the manufacture of automobiles and provision of mobility solutions. It designs, engineers, manufactures, distributes, and sells vehicles under the brands Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Moper, Opel, Peugeot, Leasys, Free2move, Vauxhall, and Ram.
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