Zurcher Kantonalbank Zurich Cantonalbank Purchases 193,653 Shares of Stellantis (NYSE:STLA)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Stellantis (NYSE:STLA) by 10.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,980,732 shares of the company’s stock after acquiring an additional 193,653 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Stellantis worth $27,429,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in STLA. Rothschild Investment LLC purchased a new position in Stellantis during the 2nd quarter valued at $25,000. Waldron Private Wealth LLC purchased a new stake in shares of Stellantis during the third quarter valued at $33,000. Central Pacific Bank Trust Division bought a new position in shares of Stellantis in the third quarter worth about $35,000. ORG Partners LLC purchased a new position in Stellantis in the 2nd quarter worth about $38,000. Finally, Cromwell Holdings LLC increased its stake in Stellantis by 52.9% in the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after buying an additional 1,036 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STLA has been the subject of several research reports. Jefferies Financial Group restated a “hold” rating and issued a $16.44 target price (down from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Evercore ISI assumed coverage on Stellantis in a research note on Monday, November 11th. They issued an “inline” rating on the stock. Barclays lowered Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Stellantis presently has a consensus rating of “Hold” and an average target price of $27.34.

Stellantis Price Performance

Shares of STLA stock opened at $13.22 on Friday. The stock’s 50-day moving average is $13.54 and its 200 day moving average is $16.97. Stellantis has a 1-year low of $12.57 and a 1-year high of $29.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The company has a market cap of $41.40 billion, a P/E ratio of 4.20, a PEG ratio of 0.41 and a beta of 1.62.

About Stellantis

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.