M&G PLC Has $27.51 Million Stock Position in Stellantis N.V. $STLA

M&G PLC lifted its holdings in Stellantis N.V. (NYSE:STLA) by 1.2% in the 2nd quarter, Holdings Channel reports. The firm owned 2,594,750 shares of the company’s stock after buying an additional 31,737 shares during the quarter. M&G PLC’s holdings in Stellantis were worth $27,513,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in Stellantis during the 2nd quarter valued at approximately $28,000. SVB Wealth LLC acquired a new position in shares of Stellantis during the first quarter worth approximately $35,000. Atlantic Union Bankshares Corp bought a new stake in shares of Stellantis in the second quarter valued at approximately $37,000. Harbour Investments Inc. boosted its position in shares of Stellantis by 136.5% in the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company’s stock valued at $43,000 after acquiring an additional 2,200 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Stellantis during the second quarter worth $74,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

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

Stellantis Price Performance

Shares of STLA stock opened at $10.77 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $10.05 and its 200-day moving average is $9.90. Stellantis N.V. has a 1 year low of $8.39 and a 1 year 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.