swisspartners Ltd. Makes New Investment in Stellantis (NASDAQ:STLA)

swisspartners Ltd. acquired a new stake in shares of Stellantis (NASDAQ:STLA) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 300,000 shares of the company’s stock, valued at approximately $5,317,000. Stellantis makes up approximately 4.3% of swisspartners Ltd.’s portfolio, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Investors Research Corp bought a new position in Stellantis in the 1st quarter valued at $25,000. HHM Wealth Advisors LLC bought a new position in shares of Stellantis during the first quarter valued at $27,000. IFP Advisors Inc bought a new position in Stellantis in the 1st quarter valued at approximately $33,000. Whittier Trust Co. bought a new stake in Stellantis in the 1st quarter worth about $58,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Stellantis during the 1st quarter valued at $64,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. AlphaValue raised shares of Stellantis to a “buy” rating in a report on Tuesday, March 2nd. Deutsche Bank Aktiengesellschaft began coverage on Stellantis in a research report on Monday, March 15th. They issued a “buy” rating for the company. Societe Generale reaffirmed a “buy” rating on shares of Stellantis in a research note on Thursday, May 6th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Stellantis in a research report on Monday, March 15th. Finally, Zacks Investment Research raised shares of Stellantis from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research report on Tuesday, May 11th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Stellantis currently has a consensus rating of “Buy” and an average target price of $22.67.

STLA stock traded up $0.21 during mid-day trading on Friday, hitting $20.74. 42,958 shares of the company were exchanged, compared to its average volume of 3,123,023. Stellantis has a 12-month low of $8.75 and a 12-month high of $21.39. The company has a quick ratio of 0.82, a current ratio of 1.03 and a debt-to-equity ratio of 0.66. The firm’s fifty day simple moving average is $18.41. The stock has a market capitalization of $41.98 billion, a price-to-earnings ratio of 136.88 and a beta of 1.71.

The business also recently disclosed a — dividend, which was paid on Wednesday, April 28th. Shareholders of record on Tuesday, April 20th were issued a dividend of $0.3813 per share. The ex-dividend date was Monday, April 19th. This is a boost from Stellantis’s previous — dividend of $0.12.

Stellantis Profile

Stellantis NV is an automobile company, which engages in the manufacture of automobiles and provision of mobility solutions. It designs, engineers, manufactures, distributes, and sells vehicles under the brands Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Moper, Opel, Peugeot, Leasys, Free2move, Vauxhall, and Ram.

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Institutional Ownership by Quarter for Stellantis (NASDAQ:STLA)

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