Norges Bank Invests $553.69 Million in Stellantis N.V. $STLA

Norges Bank bought a new position in Stellantis N.V. (NYSE:STLA) during the 4th quarter, Holdings Channel reports. The fund bought 49,885,233 shares of the company’s stock, valued at approximately $553,692,000.

A number of other hedge funds also recently bought and sold shares of STLA. United Community Bank bought a new position in Stellantis during the 4th quarter valued at approximately $26,000. Flagship Harbor Advisors LLC purchased a new position in shares of Stellantis during the fourth quarter valued at approximately $27,000. Montag A & Associates Inc. purchased a new position in shares of Stellantis during the third quarter valued at approximately $34,000. Cromwell Holdings LLC raised its holdings in shares of Stellantis by 1,402.0% during the fourth quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock valued at $41,000 after acquiring an additional 3,477 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Stellantis by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock worth $63,000 after acquiring an additional 2,448 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis News Roundup

Here are the key news stories impacting Stellantis this week:

• Positive Sentiment: Stellantis is continuing to push its commercial-vehicle strategy, with plans for new models and product updates over the next several years, which could support revenue growth and improve its competitive position. Stellantis’s Commercial-Vehicle Unit to Launch 11 New Models by 2030
• Positive Sentiment: The company also emphasized software modernization and tech partnerships, including work tied to software-defined EV platforms and cost-cutting modular architecture, which may improve margins over time. Stellantis Deepens Global Tech Alliances To Advance Software Defined EV Platforms
• Neutral Sentiment: Stellantis said it has no major plans to expand its recent Jaguar Land Rover and Tata Motor partnerships into Europe, which appears more like a clarification of strategy than a major catalyst. Stellantis plays down European scope for JLR and Tata partnerships
• Negative Sentiment: The biggest overhang is a new recall of more than 419,000 U.S. vehicles over improper side air bag deployment, which raises warranty, repair, and reputation risks. Stellantis to recall over 419,000 US vehicles over improper side air bag deployment
• Negative Sentiment: Multiple law firms also issued class-action deadline notices tied to alleged securities fraud claims, keeping legal uncertainty in focus and adding to investor caution. STLA DEADLINE NOTICE: ROSEN… Securities Class Action

Analyst Ratings Changes

STLA has been the topic of a number of research analyst reports. Bank of America downgraded shares of Stellantis from a “neutral” rating to an “underperform” rating in a research report on Monday, May 11th. TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a research note on Friday, May 22nd. Loop Capital set a $8.00 price target on shares of Stellantis in a research report on Monday, March 2nd. Zacks Research raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised Stellantis from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Stellantis presently has an average rating of “Hold” and an average price target of $10.91.

Stellantis Trading Down 0.1%

Shares of NYSE STLA opened at $7.98 on Monday. 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 firm has a 50-day moving average of $7.62 and a 200 day moving average of $8.92. The stock has a market cap of $30.02 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 0.28 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 (EPS) for the quarter. The business had revenue of $44.14 billion during the quarter. As a group, sell-side analysts expect that Stellantis N.V. will post 1.01 EPS for the current fiscal year.

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.