Metis Global Partners LLC Cuts Position in Stellantis N.V. $STLA

Metis Global Partners LLC trimmed its holdings in shares of Stellantis N.V. (NYSE:STLA) by 18.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 60,879 shares of the company’s stock after selling 13,755 shares during the quarter. Metis Global Partners LLC’s holdings in Stellantis were worth $610,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in STLA. Deutsche Bank AG purchased a new stake in Stellantis during the 1st quarter worth $368,520,000. Jupiter Asset Management Ltd. acquired a new position in shares of Stellantis during the first quarter worth about $1,755,000. Amundi lifted its stake in shares of Stellantis by 6.4% during the first quarter. Amundi now owns 78,473,374 shares of the company’s stock worth $801,213,000 after purchasing an additional 4,708,200 shares in the last quarter. LPL Financial LLC boosted its position in shares of Stellantis by 32.6% in the first quarter. LPL Financial LLC now owns 244,428 shares of the company’s stock worth $2,740,000 after buying an additional 60,097 shares during the period. Finally, Chou Associates Management Inc. grew its stake in shares of Stellantis by 206.0% in the first quarter. Chou Associates Management Inc. now owns 1,396,388 shares of the company’s stock valued at $15,654,000 after buying an additional 940,000 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on STLA shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Stellantis in a research report on Monday, October 13th. Wall Street Zen lowered shares of Stellantis from a “hold” rating to a “sell” rating in a research note on Sunday. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.04.

Stellantis Trading Down 0.4%

Shares of NYSE:STLA opened at $10.72 on Thursday. The company has a fifty day simple moving average of $10.08 and a 200 day simple moving average of $9.90. 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 N.V. has a 12-month low of $8.39 and a 12-month high of $14.28.

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.