FCG Investment Co Lowers Stock Position in Stellantis (NYSE:STLA)

FCG Investment Co decreased its holdings in shares of Stellantis (NYSE:STLA) by 72.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,048 shares of the company’s stock after selling 49,365 shares during the period. FCG Investment Co’s holdings in Stellantis were worth $268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STLA. Rothschild Investment LLC acquired a new position in shares of Stellantis in the second quarter valued at approximately $25,000. ORG Partners LLC acquired a new position in shares of Stellantis in the second quarter valued at approximately $38,000. Waldron Private Wealth LLC acquired a new position in shares of Stellantis in the third quarter valued at approximately $33,000. Central Pacific Bank Trust Division acquired a new position in Stellantis during the third quarter worth $35,000. Finally, Ridgewood Investments LLC acquired a new position in Stellantis during the second quarter worth $54,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STLA has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $16.44 price objective (down previously from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Barclays lowered Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Finally, Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.34.

Stellantis Price Performance

Shares of NYSE:STLA opened at $13.61 on Monday. 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 52-week low of $12.74 and a 52-week high of $29.51. The stock’s fifty day simple moving average is $14.84 and its 200-day simple moving average is $18.74.

Insider Activity

In other Stellantis news, major shareholder N.V. Stellantis bought 2,982,089 shares of Stellantis stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the transaction, the insider now owns 59,734,962 shares of the company’s stock, valued at $200,112,122.70. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.02% of the company’s stock.

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.