Stellantis (NYSE:STLA) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC increased its position in shares of Stellantis (NYSE:STLA) by 1.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 176,075 shares of the company’s stock after buying an additional 3,145 shares during the period. OneDigital Investment Advisors LLC’s holdings in Stellantis were worth $2,474,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its holdings in Stellantis by 5.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company’s stock valued at $298,000 after purchasing an additional 562 shares during the period. Sei Investments Co. grew its stake in Stellantis by 39.2% in the 1st quarter. Sei Investments Co. now owns 213,716 shares of the company’s stock valued at $6,048,000 after acquiring an additional 60,177 shares during the period. Kingsview Wealth Management LLC acquired a new stake in Stellantis in the 1st quarter valued at $201,000. Vanguard Group Inc. increased its holdings in Stellantis by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 83,818,351 shares of the company’s stock worth $2,372,059,000 after acquiring an additional 972,232 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Stellantis by 36.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 181,155 shares of the company’s stock worth $5,136,000 after acquiring an additional 47,950 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Trading Down 0.2 %

Shares of STLA stock opened at $13.34 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a twelve month low of $12.74 and a twelve month high of $29.51. The company’s 50-day moving average price is $13.98 and its 200-day moving average price is $17.56.

Analyst Upgrades and Downgrades

STLA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft cut shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Nomura raised Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Evercore ISI assumed coverage on shares of Stellantis in a research note on Monday, November 11th. They set an “inline” rating on the stock. Finally, Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average 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.