Hsbc Holdings PLC Trims Stock Position in Stellantis N.V. $STLA

Hsbc Holdings PLC lessened its stake in Stellantis N.V. (NYSE:STLA) by 98.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 93,786 shares of the company’s stock after selling 5,186,588 shares during the quarter. Hsbc Holdings PLC’s holdings in Stellantis were worth $1,032,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of STLA. United Community Bank acquired a new stake in Stellantis during the fourth quarter worth about $26,000. Flagship Harbor Advisors LLC acquired a new position in Stellantis in the fourth quarter valued at approximately $27,000. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in Stellantis by 113.6% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock worth $36,000 after purchasing an additional 1,755 shares in the last quarter. Cromwell Holdings LLC boosted its position in Stellantis by 1,402.0% in the 4th quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock worth $41,000 after purchasing an additional 3,477 shares in the last quarter. Finally, Intesa Sanpaolo Wealth Management acquired a new stake in shares of Stellantis during the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Wall Street Analyst Weigh In

STLA has been the subject of several recent research reports. Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a report on Thursday. JPMorgan Chase & Co. restated a “neutral” rating on shares of Stellantis in a research report on Thursday, July 9th. HSBC cut shares of Stellantis from a “hold” rating to a “reduce” rating in a report on Friday, July 3rd. Freedom Capital raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a research report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Stellantis presently has an average rating of “Hold” and a consensus target price of $10.01.

Stellantis Trading Up 1.5%

Shares of STLA stock opened at $5.58 on Tuesday. Stellantis N.V. has a 1-year low of $5.25 and a 1-year high of $12.22. The company has a market cap of $21.00 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 0.21 and a beta of 1.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.03 and a quick ratio of 0.75. The stock has a 50 day simple moving average of $6.83 and a 200-day simple moving average of $7.90.

Stellantis (NYSE:STLA) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $44.14 billion during the quarter. On average, equities research analysts expect that Stellantis N.V. will post 0.93 EPS 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.