Stellantis (NYSE:STLA) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC reduced its position in shares of Stellantis (NYSE:STLA) by 75.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 127,997 shares of the company’s stock after selling 394,334 shares during the quarter. Moran Wealth Management LLC’s holdings in Stellantis were worth $1,772,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Rothschild Investment LLC purchased a new stake in Stellantis during the second quarter valued at about $25,000. ORG Partners LLC bought a new position in shares of Stellantis in the second quarter valued at approximately $38,000. Waldron Private Wealth LLC bought a new position in Stellantis in the 3rd quarter worth approximately $33,000. Central Pacific Bank Trust Division bought a new position in Stellantis during the third quarter worth $35,000. Finally, Ridgewood Investments LLC acquired a new position in shares of Stellantis during the second quarter valued at about $54,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Jefferies Financial Group reissued a “hold” rating and issued a $16.44 target price (down from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Finally, Evercore ISI began coverage on Stellantis in a research note on Monday, November 11th. They issued an “inline” rating for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.34.

Stellantis Trading Up 0.1 %

Shares of Stellantis stock opened at $12.86 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $13.81 and its 200 day simple moving average is $17.34. Stellantis has a 12 month low of $12.68 and a 12 month high of $29.51.

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.