Stellantis (NYSE:STLA) is Exane Asset Management’s 6th Largest Position

Exane Asset Management boosted its position in shares of Stellantis (NYSE:STLA) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,056,129 shares of the company’s stock after acquiring an additional 48,060 shares during the period. Stellantis accounts for about 7.7% of Exane Asset Management’s investment portfolio, making the stock its 6th largest position. Exane Asset Management’s holdings in Stellantis were worth $13,827,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. AustralianSuper Pty Ltd raised its stake in Stellantis by 26.3% during the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock valued at $125,597,000 after purchasing an additional 1,894,146 shares during the period. Conifer Management L.L.C. grew its holdings in Stellantis by 26.4% during the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock valued at $126,450,000 after buying an additional 1,880,000 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Stellantis by 74.7% during the third quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock valued at $102,340,000 after buying an additional 3,252,492 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in shares of Stellantis by 30.4% in the third quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company’s stock worth $47,752,000 after buying an additional 802,497 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Stellantis by 464.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock worth $45,618,000 after acquiring an additional 2,671,500 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Price Performance

Stellantis stock opened at $12.97 on Friday. The company’s 50-day moving average price is $13.06 and its 200-day moving average price is $14.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a twelve month low of $12.12 and a twelve month high of $29.51.

Analysts Set New Price Targets

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

Stellantis 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.