Empirical Finance LLC Has $244,000 Stock Position in Stellantis (NYSE:STLA)

Empirical Finance LLC lessened its stake in Stellantis (NYSE:STLA) by 44.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 18,701 shares of the company’s stock after selling 14,669 shares during the quarter. Empirical Finance LLC’s holdings in Stellantis were worth $244,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. FMR LLC lifted its stake in Stellantis by 4.9% in the 3rd quarter. FMR LLC now owns 3,137,594 shares of the company’s stock valued at $44,083,000 after acquiring an additional 145,583 shares in the last quarter. Mediolanum International Funds Ltd raised its holdings in shares of Stellantis by 17.4% in the third quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company’s stock valued at $9,426,000 after purchasing an additional 99,388 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Stellantis in the third quarter worth $1,324,000. Te Ahumairangi Investment Management Ltd boosted its holdings in Stellantis by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock worth $7,408,000 after purchasing an additional 118,635 shares during the last quarter. Finally, Sound Income Strategies LLC grew its position in Stellantis by 13.4% in the fourth quarter. Sound Income Strategies LLC now owns 317,637 shares of the company’s stock valued at $4,145,000 after purchasing an additional 37,627 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Analysts Set New Price Targets

Separately, Evercore ISI initiated coverage on shares of Stellantis in a research report on Monday, November 11th. They set an “inline” rating on the stock. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.34.

Stellantis Price Performance

NYSE STLA opened at $13.11 on Wednesday. The firm’s fifty day moving average price is $13.08 and its two-hundred day moving average price is $14.03. Stellantis has a 1 year low of $12.12 and a 1 year high of $29.51. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Stellantis 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.