Stellantis N.V. $STLA Shares Bought by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP raised its stake in shares of Stellantis N.V. (NYSE:STLA) by 99.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 364,409 shares of the company’s stock after buying an additional 181,747 shares during the period. Hudson Bay Capital Management LP’s holdings in Stellantis were worth $3,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of STLA. AQR Capital Management LLC boosted its stake in shares of Stellantis by 68.8% in the first quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock worth $919,000 after buying an additional 33,429 shares during the last quarter. Focus Partners Wealth grew its position in shares of Stellantis by 37.2% during the 1st quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock valued at $171,000 after acquiring an additional 4,135 shares during the period. Creative Planning raised its holdings in Stellantis by 65.8% in the 2nd quarter. Creative Planning now owns 224,488 shares of the company’s stock worth $2,252,000 after purchasing an additional 89,105 shares during the period. Prudential PLC raised its holdings in Stellantis by 22.1% in the 2nd quarter. Prudential PLC now owns 61,235 shares of the company’s stock worth $614,000 after purchasing an additional 11,096 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in Stellantis by 47.1% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 15,692 shares of the company’s stock worth $168,000 after purchasing an additional 5,028 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Wall Street Analyst Weigh In

STLA has been the subject of a number of recent analyst reports. DZ Bank upgraded Stellantis from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 4th. UBS Group upgraded Stellantis from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 2nd. Loop Capital set a $8.00 price target on shares of Stellantis in a research note on Monday, March 2nd. BNP Paribas Exane cut shares of Stellantis from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Stellantis presently has an average rating of “Hold” and an average price target of $11.12.

Stellantis Price Performance

Shares of NYSE:STLA opened at $6.34 on Friday. Stellantis N.V. has a 52-week low of $6.28 and a 52-week high of $12.51. The business has a fifty day moving average of $8.29 and a two-hundred day moving average of $9.72. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.02.

Stellantis Company Profile

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.