1832 Asset Management L.P. lessened its stake in Stellantis (NYSE:STLA – Free Report) by 16.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,170 shares of the company’s stock after selling 35,519 shares during the period. 1832 Asset Management L.P.’s holdings in Stellantis were worth $4,986,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Canada Pension Plan Investment Board grew its stake in Stellantis by 8.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 9,795,347 shares of the company’s stock worth $278,703,000 after buying an additional 793,843 shares in the last quarter. Capital World Investors grew its stake in Stellantis by 63.4% in the 1st quarter. Capital World Investors now owns 13,756,552 shares of the company’s stock worth $390,811,000 after buying an additional 5,336,868 shares in the last quarter. Capital Research Global Investors grew its stake in Stellantis by 5.2% in the 1st quarter. Capital Research Global Investors now owns 1,203,915 shares of the company’s stock worth $34,218,000 after buying an additional 59,169 shares in the last quarter. Capital International Sarl purchased a new position in Stellantis in the 1st quarter worth approximately $1,709,000. Finally, Capital International Inc. CA purchased a new position in Stellantis in the 1st quarter worth approximately $48,861,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.
Stellantis Stock Down 2.4 %
NYSE:STLA traded down $0.43 during midday trading on Friday, reaching $17.66. 12,017,125 shares of the stock traded hands, compared to its average volume of 6,847,775. The company has a fifty day moving average of $20.76 and a 200 day moving average of $23.48. Stellantis has a 12 month low of $17.42 and a 12 month high of $29.51. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24.
Analysts Set New Price Targets
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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.
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