Stellantis N.V. $STLA Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd reduced its stake in shares of Stellantis N.V. (NYSE:STLA) by 83.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,099,250 shares of the company’s stock after selling 10,469,686 shares during the period. AustralianSuper Pty Ltd owned 0.07% of Stellantis worth $19,376,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Amundi grew its stake in shares of Stellantis by 41.0% during the 2nd quarter. Amundi now owns 110,680,258 shares of the company’s stock valued at $1,143,327,000 after buying an additional 32,206,884 shares during the period. Norges Bank purchased a new stake in Stellantis during the second quarter valued at about $384,724,000. Banco Santander S.A. grew its position in Stellantis by 10.5% during the second quarter. Banco Santander S.A. now owns 10,739,102 shares of the company’s stock valued at $107,713,000 after acquiring an additional 1,023,509 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Stellantis by 8.7% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 7,009,256 shares of the company’s stock worth $70,002,000 after acquiring an additional 562,789 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Stellantis by 6.7% in the 2nd quarter. Invesco Ltd. now owns 6,909,019 shares of the company’s stock worth $69,297,000 after purchasing an additional 434,935 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Price Performance

Shares of STLA stock opened at $9.85 on Friday. The firm has a fifty day simple moving average of $10.80 and a 200-day simple moving average of $10.18. Stellantis N.V. has a twelve month low of $8.39 and a twelve month high of $14.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06.

Stellantis (NYSE:STLA) last released its quarterly earnings results on Thursday, October 30th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($1.32). The company had revenue of $87.44 billion for the quarter, compared to analysts’ expectations of $87.94 billion. Equities analysts expect that Stellantis N.V. will post 2.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on STLA shares. Wall Street Zen raised shares of Stellantis from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. BNP Paribas Exane downgraded shares of Stellantis from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. TD Cowen restated a “hold” rating on shares of Stellantis in a report on Friday, December 12th. Piper Sandler set a $15.00 price target on Stellantis and gave the company an “overweight” rating in a report on Thursday, January 8th. Finally, The Goldman Sachs Group upgraded Stellantis to a “hold” rating in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.77.

About Stellantis

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.