Universal Beteiligungs und Servicegesellschaft mbH Sells 2,738,195 Shares of Stellantis N.V. $STLA

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of Stellantis N.V. (NYSE:STLA) by 39.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,271,061 shares of the company’s stock after selling 2,738,195 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Stellantis were worth $39,462,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in Stellantis by 68.8% during the 1st quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock valued at $919,000 after buying an additional 33,429 shares in the last quarter. Focus Partners Wealth increased its position in shares of Stellantis by 37.2% during the first quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock worth $171,000 after acquiring an additional 4,135 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Stellantis by 12.5% during the second quarter. Assenagon Asset Management S.A. now owns 25,057 shares of the company’s stock worth $250,000 after acquiring an additional 2,783 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Stellantis by 647.4% during the second quarter. Farther Finance Advisors LLC now owns 24,733 shares of the company’s stock valued at $248,000 after acquiring an additional 21,424 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Stellantis in the second quarter valued at approximately $142,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analysts Set New Price Targets

STLA has been the topic of several research reports. Sanford C. Bernstein restated a “market perform” rating and set a $9.90 price objective on shares of Stellantis in a report on Wednesday, January 14th. Zacks Research lowered Stellantis from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a research note on Monday, October 13th. HSBC reissued a “hold” rating on shares of Stellantis in a research report on Tuesday, January 13th. Finally, UBS Group upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.77.

Stellantis Trading Up 6.0%

STLA opened at $9.93 on Thursday. 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 business’s 50-day moving average is $10.83 and its two-hundred day moving average is $10.19. Stellantis N.V. has a 1 year low of $8.39 and a 1 year high of $14.28.

Stellantis (NYSE:STLA) last released its quarterly earnings results on Thursday, October 30th. The company reported ($0.91) earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The firm had revenue of $87.44 billion for the quarter, compared to analyst estimates of $87.94 billion. Sell-side analysts anticipate that Stellantis N.V. will post 2.3 EPS for the current fiscal year.

Stellantis Company Profile

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.