M&G PLC Buys 170,554 Shares of Stellantis N.V. $STLA

M&G PLC lifted its stake in Stellantis N.V. (NYSE:STLA) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,289,042 shares of the company’s stock after purchasing an additional 170,554 shares during the quarter. M&G PLC owned about 0.19% of Stellantis worth $33,038,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in STLA. IFP Advisors Inc boosted its stake in Stellantis by 1,534.8% during the second quarter. IFP Advisors Inc now owns 4,463 shares of the company’s stock worth $26,000 after buying an additional 4,190 shares during the last quarter. SYM FINANCIAL Corp acquired a new stake in shares of Stellantis in the 3rd quarter worth $45,000. AlphaCore Capital LLC acquired a new stake in shares of Stellantis in the 3rd quarter worth $45,000. Parallel Advisors LLC increased its stake in shares of Stellantis by 220.5% in the 3rd quarter. Parallel Advisors LLC now owns 10,501 shares of the company’s stock worth $46,000 after acquiring an additional 7,225 shares during the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Stellantis during the 2nd quarter worth $65,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Performance

Shares of Stellantis stock opened at $4.43 on Tuesday. The firm has a market cap of $16.69 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.44 and a beta of 1.48. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.64. Stellantis N.V. has a 52 week low of $3.92 and a 52 week high of $12.22. The business’s fifty day simple moving average is $4.70 and its 200-day simple moving average is $6.44.

Stellantis (NYSE:STLA) last issued its quarterly earnings data on Wednesday, October 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.26). The company had revenue of $42.60 billion during the quarter, compared to analysts’ expectations of $46.96 billion. Equities analysts forecast that Stellantis N.V. will post 0.37 earnings per share for the current year.

Wall Street Analyst Weigh In

STLA has been the topic of several recent research reports. Weiss Ratings cut shares of Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 4th. HSBC reissued a “reduce” rating on shares of Stellantis in a report on Friday, October 23rd. Wall Street Zen upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Sunday, November 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a research note on Tuesday, July 14th. Finally, Piper Sandler lowered shares of Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 target price on the stock. in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $7.38.

About Stellantis

Stellantis N.V. is a global automaker formed in 2021 through the merger of Fiat Chrysler Automobiles and France’s Groupe PSA. Headquartered in Amsterdam, the company designs, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services.

Its portfolio includes brands such as Jeep, Ram, Dodge, Chrysler, Fiat, Peugeot, Citroën, Opel, Vauxhall, Alfa Romeo and Maserati. Stellantis also develops electric and hybrid vehicles, automotive software and components, and offers financing and other services in some markets.

The company serves customers across North America, Europe, South America, the Middle East and Africa, and parts of Asia.