Stellantis (NYSE:STLA) Shares Sold by Aviva PLC

Aviva PLC lowered its stake in shares of Stellantis (NYSE:STLAGet Rating) by 18.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,938,055 shares of the company’s stock after selling 448,404 shares during the quarter. Aviva PLC owned approximately 0.06% of Stellantis worth $22,809,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Quantinno Capital Management LP acquired a new position in Stellantis in the third quarter worth $130,000. PDT Partners LLC acquired a new position in Stellantis in the third quarter worth $169,000. Achmea Investment Management B.V. boosted its holdings in Stellantis by 257.5% in the fourth quarter. Achmea Investment Management B.V. now owns 556,670 shares of the company’s stock worth $7,384,000 after purchasing an additional 400,963 shares during the period. M&G Investment Management Ltd. boosted its holdings in Stellantis by 10.1% in the fourth quarter. M&G Investment Management Ltd. now owns 6,276,541 shares of the company’s stock worth $87,351,000 after purchasing an additional 576,389 shares during the period. Finally, Trexquant Investment LP boosted its holdings in Stellantis by 767.4% in the third quarter. Trexquant Investment LP now owns 330,178 shares of the company’s stock worth $3,909,000 after purchasing an additional 292,114 shares during the period. Institutional investors and hedge funds own 32.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised shares of Stellantis from a “sector perform” rating to an “outperform” rating in a report on Friday, March 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Stellantis currently has a consensus rating of “Moderate Buy” and an average target price of $19.50.

Stellantis Price Performance

STLA stock opened at $15.65 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Stellantis has a 1 year low of $11.37 and a 1 year high of $18.97. The stock’s fifty day moving average is $17.09 and its two-hundred day moving average is $16.18.

Stellantis Profile

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Stellantis NV engages in the design, manufacture, distribution, and sale of vehicles. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citro├źn, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall brands. The company was founded on April 01, 2014 and is headquartered in Hoofddorp, the Netherlands.

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Institutional Ownership by Quarter for Stellantis (NYSE:STLA)

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