Exane Asset Management trimmed its position in shares of Stellantis (NASDAQ:STLA – Get Rating) by 21.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,893,391 shares of the company’s stock after selling 1,060,870 shares during the period. Stellantis makes up 32.1% of Exane Asset Management’s portfolio, making the stock its biggest holding. Exane Asset Management owned approximately 0.12% of Stellantis worth $48,079,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its holdings in Stellantis by 1,656.4% during the second quarter. Rosenberg Matthew Hamilton now owns 4,268 shares of the company’s stock valued at $53,000 after acquiring an additional 4,025 shares during the period. Diligent Investors LLC lifted its stake in shares of Stellantis by 4.8% in the second quarter. Diligent Investors LLC now owns 30,710 shares of the company’s stock valued at $380,000 after buying an additional 1,400 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Stellantis by 54.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 19,572 shares of the company’s stock valued at $241,000 after buying an additional 6,918 shares during the period. AustralianSuper Pty Ltd lifted its stake in shares of Stellantis by 44.2% in the second quarter. AustralianSuper Pty Ltd now owns 3,132,376 shares of the company’s stock valued at $38,707,000 after buying an additional 959,401 shares during the period. Finally, Vise Technologies Inc. bought a new stake in shares of Stellantis in the first quarter valued at about $256,000. 31.79% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently weighed in on STLA. UBS Group reduced their target price on shares of Stellantis from €25.00 ($25.51) to €18.50 ($18.88) in a research note on Friday, July 8th. Royal Bank of Canada increased their target price on shares of Stellantis from €19.00 ($19.39) to €21.00 ($21.43) and gave the company a “sector perform” rating in a research note on Tuesday, August 2nd. BNP Paribas cut shares of Stellantis from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 28th. Finally, Exane BNP Paribas cut shares of Stellantis from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 29th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Stellantis currently has a consensus rating of “Moderate Buy” and an average target price of $21.50.
Stellantis Stock Performance
Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, and production systems worldwide. It provides luxury, premium, and mainstream passenger vehicles; pickup trucks, sport utility vehicles, and commercial vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.
- Get a free copy of the StockNews.com research report on Stellantis (STLA)
- Why Does Tesla Stock Remain Resilient?
- Is Costco’s Post-Earnings Price Weakness A Good Time To Buy?
- Will Crowdstrike Get A Boost From Increased EPS Guidance?
- 2 Semiconductor Stocks To Watch For Reversals
- Are Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?
Receive News & Ratings for Stellantis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stellantis and related companies with MarketBeat.com's FREE daily email newsletter.