BNP Paribas Financial Markets Cuts Stake in Stellantis N.V. $STLA

BNP Paribas Financial Markets trimmed its position in shares of Stellantis N.V. (NYSE:STLA) by 83.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 947,426 shares of the company’s stock after selling 4,884,840 shares during the period. BNP Paribas Financial Markets’ holdings in Stellantis were worth $10,317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of STLA. Norges Bank bought a new position in Stellantis during the 4th quarter valued at about $553,692,000. Quadrature Capital Ltd grew its stake in shares of Stellantis by 6,148.4% during the 3rd quarter. Quadrature Capital Ltd now owns 14,945,564 shares of the company’s stock valued at $137,891,000 after acquiring an additional 14,706,375 shares during the period. Leonteq Securities AG bought a new position in shares of Stellantis during the 4th quarter valued at approximately $77,209,000. Vanguard Group Inc. grew its stake in shares of Stellantis by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 95,143,705 shares of the company’s stock valued at $883,126,000 after acquiring an additional 2,002,880 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of Stellantis by 142.3% during the 3rd quarter. Marshall Wace LLP now owns 3,341,557 shares of the company’s stock valued at $31,180,000 after acquiring an additional 1,962,346 shares during the period. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Down 0.6%

Shares of STLA stock opened at $7.07 on Tuesday. The stock’s fifty day moving average price is $7.71 and its 200 day moving average price is $8.79. Stellantis N.V. has a 1-year low of $6.28 and a 1-year high of $12.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.03 and a quick ratio of 0.75. The company has a market cap of $26.59 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 0.31 and a beta of 1.41.

Stellantis (NYSE:STLA) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The company had revenue of $44.14 billion for the quarter. On average, research analysts expect that Stellantis N.V. will post 0.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on STLA. Truist Financial set a $9.00 price objective on Stellantis in a research note on Friday, May 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a report on Monday, April 20th. TD Cowen reiterated a “hold” rating on shares of Stellantis in a report on Friday, May 22nd. Bank of America cut Stellantis from a “neutral” rating to an “underperform” rating in a report on Monday, May 11th. Finally, Citigroup reiterated a “buy” rating on shares of Stellantis in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Stellantis currently has a consensus rating of “Hold” and an average target price of $10.91.

Key Stellantis News

Here are the key news stories impacting Stellantis this week:

• Positive Sentiment: Stellantis announced it will work with Bolt and Pony.ai on an autonomous mobility test program in Luxembourg, highlighting progress in self-driving partnerships and mobility technology. Reuters article
• Positive Sentiment: Media reports said Stellantis is confirming the next Astra and Corsa will arrive before 2030, reinforcing future product pipeline visibility and brand refresh plans. MSN article
• Positive Sentiment: Separate reporting highlighted upcoming Dodge, Chrysler, Jeep and Ram models coming to the U.S., suggesting Stellantis is trying to strengthen its North American lineup. AOL article
• Neutral Sentiment: Investor-rights firms continued publicizing the June 8 lead-plaintiff deadline in the Stellantis securities class action, keeping the legal process in focus for shareholders. Newsfile article
• Negative Sentiment: Multiple law firms reiterated that Stellantis is facing a securities class action alleging investor harm and securities-law violations, which can weigh on sentiment and raise uncertainty around potential costs or disclosures. PR Newswire article
• Negative Sentiment: Additional reminders from Rosen and other firms about the lawsuit deadline suggest litigation risk remains a persistent overhang for Stellantis N.V. (STLA). GlobeNewswire article

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.