Banco Santander S.A. Increases Position in Stellantis N.V. $STLA

Banco Santander S.A. lifted its position in shares of Stellantis N.V. (NYSE:STLA) by 99.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 19,046,160 shares of the company’s stock after buying an additional 9,520,576 shares during the period. Stellantis accounts for approximately 1.6% of Banco Santander S.A.’s portfolio, making the stock its 12th largest holding. Banco Santander S.A.’s holdings in Stellantis were worth $207,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. United Community Bank purchased a new position in Stellantis during the fourth quarter worth approximately $26,000. Flagship Harbor Advisors LLC bought a new position in shares of Stellantis in the 4th quarter worth about $27,000. Montag A & Associates Inc. bought a new position in shares of Stellantis in the 3rd quarter worth about $34,000. Cromwell Holdings LLC lifted its position in Stellantis by 1,402.0% in the 4th quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock valued at $41,000 after purchasing an additional 3,477 shares during the last quarter. Finally, Intesa Sanpaolo Wealth Management acquired a new position in Stellantis during the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

Shares of STLA stock opened at $6.88 on Friday. 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 stock has a market cap of $25.88 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 0.44 and a beta of 1.41. The stock has a 50-day moving average of $7.70 and a 200-day moving average of $8.72. Stellantis N.V. has a one year low of $6.28 and a one year high of $12.22.

Stellantis (NYSE:STLA) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The company had revenue of $44.14 billion during the quarter. As a group, sell-side analysts expect that Stellantis N.V. will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on STLA. Bank of America cut shares of Stellantis from a “neutral” rating to an “underperform” rating in a research note on Monday, May 11th. Truist Financial set a $9.00 target price on shares of Stellantis in a research note on Friday, May 22nd. Citigroup reissued a “neutral” rating on shares of Stellantis in a research report on Tuesday. Zacks Research raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Loop Capital set a $8.00 target price on shares of Stellantis in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.91.

Stellantis 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.