Stellantis (NYSE:STLA) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its stake in Stellantis (NYSE:STLA) by 12.6% during the 4th quarter, HoldingsChannel reports. The firm owned 2,810,525 shares of the company’s stock after selling 405,550 shares during the period. Alliancebernstein L.P.’s holdings in Stellantis were worth $36,677,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in STLA. Orion Portfolio Solutions LLC grew its holdings in Stellantis by 7.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company’s stock worth $211,000 after buying an additional 1,149 shares in the last quarter. Spire Wealth Management grew its holdings in Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after acquiring an additional 1,211 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Stellantis by 10.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company’s stock worth $212,000 after purchasing an additional 1,481 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Caprock Group LLC boosted its holdings in Stellantis by 6.9% during the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock worth $317,000 after buying an additional 1,558 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on STLA shares. TD Cowen assumed coverage on Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price target on the stock. Cowen assumed coverage on Stellantis in a research report on Thursday, March 6th. They set a “hold” rating on the stock. Finally, Piper Sandler downgraded Stellantis from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $13.00 in a report on Thursday, March 20th. Nine analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Stellantis presently has a consensus rating of “Hold” and a consensus target price of $19.27.

Stellantis Stock Performance

Shares of Stellantis stock opened at $9.72 on Friday. Stellantis has a 12 month low of $9.36 and a 12 month high of $27.56. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The stock has a market cap of $29.37 billion, a PE ratio of 2.85 and a beta of 1.44. The business has a fifty day simple moving average of $12.71 and a 200-day simple moving average of $13.14.

Stellantis Company Profile

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.