Polianta Ltd Invests $1.66 Million in Stellantis N.V. $STLA

Polianta Ltd bought a new stake in shares of Stellantis N.V. (NYSE:STLA) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 234,600 shares of the company’s stock, valued at approximately $1,663,000. Stellantis makes up approximately 0.2% of Polianta Ltd’s holdings, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STLA. J. Derek Lewis & Associates Inc. acquired a new position in shares of Stellantis in the 4th quarter valued at $605,000. Corient Private Wealth LLC lifted its position in Stellantis by 5.7% during the 4th quarter. Corient Private Wealth LLC now owns 38,609 shares of the company’s stock worth $421,000 after acquiring an additional 2,097 shares during the period. Groupama Asset Managment grew its stake in Stellantis by 55.9% during the 4th quarter. Groupama Asset Managment now owns 236,270 shares of the company’s stock valued at $2,573,000 after purchasing an additional 84,764 shares during the last quarter. Compound Planning Inc. purchased a new stake in Stellantis during the 4th quarter valued at about $156,000. Finally, Zurich Insurance Group Ltd FI increased its holdings in shares of Stellantis by 183.8% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 2,084,816 shares of the company’s stock valued at $23,157,000 after purchasing an additional 1,350,154 shares during the period. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on STLA shares. Kepler Capital Markets lowered shares of Stellantis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Wall Street Zen raised shares of Stellantis from a “sell” rating to a “hold” rating in a report on Monday, March 9th. Freedom Capital raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Bank of America lowered shares of Stellantis from a “neutral” rating to an “underperform” rating in a research note on Monday, May 11th. Finally, Loop Capital set a $8.00 target price on shares of Stellantis in a report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.90.

Stellantis Stock Up 0.2%

Shares of STLA opened at $6.36 on Friday. The firm has a market cap of $23.92 billion, a P/E ratio of 25.42, a PEG ratio of 0.41 and a beta of 1.41. Stellantis N.V. has a 12 month low of $6.28 and a 12 month high of $12.22. The stock’s 50 day moving average is $7.60 and its two-hundred day moving average is $8.59. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50.

Stellantis (NYSE:STLA) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The company had revenue of $44.14 billion for the quarter. Analysts predict that Stellantis N.V. will post 0.55 earnings per share for the current fiscal year.

About Stellantis

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.