Stellantis N.V. $STLA Shares Sold by Seven Six Capital Management LLC

Seven Six Capital Management LLC decreased its holdings in Stellantis N.V. (NYSE:STLA) by 41.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 145,900 shares of the company’s stock after selling 103,800 shares during the quarter. Stellantis accounts for about 1.6% of Seven Six Capital Management LLC’s investment portfolio, making the stock its 21st largest position. Seven Six Capital Management LLC’s holdings in Stellantis were worth $1,589,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in STLA. Vanguard Group Inc. grew its position in Stellantis by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 96,294,105 shares of the company’s stock worth $1,054,515,000 after purchasing an additional 1,150,400 shares in the last quarter. Norges Bank purchased a new position in Stellantis during the 4th quarter worth approximately $553,692,000. Banco Santander S.A. grew its position in Stellantis by 99.9% during the 4th quarter. Banco Santander S.A. now owns 19,046,160 shares of the company’s stock worth $207,413,000 after purchasing an additional 9,520,576 shares in the last quarter. Franklin Resources Inc. grew its position in Stellantis by 122.8% during the 4th quarter. Franklin Resources Inc. now owns 18,753,235 shares of the company’s stock worth $205,019,000 after purchasing an additional 10,337,920 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Stellantis by 353.2% during the 4th quarter. Marshall Wace LLP now owns 15,145,245 shares of the company’s stock worth $167,481,000 after purchasing an additional 11,803,688 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on STLA shares. Zacks Research upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research report on Tuesday, June 9th. Bank of America cut shares of Stellantis from a “neutral” rating to an “underperform” rating in a research report on Monday, May 11th. Freedom Capital upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Kepler Capital Markets cut shares of Stellantis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell 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 $10.91.

Stellantis Price Performance

STLA opened at $6.65 on Wednesday. The stock has a market cap of $25.01 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 0.45 and a beta of 1.41. Stellantis N.V. has a 1 year low of $6.28 and a 1 year high of $12.22. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50. The stock has a fifty day moving average price of $7.67 and a 200 day moving average price of $8.66.

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 firm had revenue of $44.14 billion for the quarter. Analysts forecast that Stellantis N.V. will post 0.55 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.