94,235 Shares in Stellantis (NYSE:STLA) Bought by World Investment Advisors LLC

World Investment Advisors LLC acquired a new position in shares of Stellantis (NYSE:STLA) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 94,235 shares of the company’s stock, valued at approximately $1,324,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mediolanum International Funds Ltd increased its stake in Stellantis by 17.4% in the third quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company’s stock valued at $9,426,000 after purchasing an additional 99,388 shares during the period. FMR LLC grew its holdings in shares of Stellantis by 4.9% during the third quarter. FMR LLC now owns 3,137,594 shares of the company’s stock worth $44,083,000 after buying an additional 145,583 shares during the last quarter. Sound Income Strategies LLC raised its stake in Stellantis by 47.1% during the 3rd quarter. Sound Income Strategies LLC now owns 280,010 shares of the company’s stock valued at $3,934,000 after acquiring an additional 89,594 shares during the last quarter. Te Ahumairangi Investment Management Ltd grew its stake in shares of Stellantis by 28.3% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock valued at $7,408,000 after purchasing an additional 118,635 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Stellantis by 10.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,980,732 shares of the company’s stock valued at $27,429,000 after purchasing an additional 193,653 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Price Performance

Shares of NYSE STLA opened at $13.95 on Monday. The company’s 50-day moving average price is $13.30 and its 200 day moving average price is $16.25. The stock has a market cap of $43.70 billion, a price-to-earnings ratio of 4.57, a PEG ratio of 0.45 and a beta of 1.60. Stellantis has a 52 week low of $12.12 and a 52 week 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.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Evercore ISI initiated coverage on shares of Stellantis in a research note on Monday, November 11th. They set an “inline” rating on the stock. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Finally, Barclays downgraded Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.