Chou Associates Management Inc. Acquires Shares of 1,394,194 Stellantis N.V. $STLA

Chou Associates Management Inc. bought a new stake in Stellantis N.V. (NYSE:STLA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,394,194 shares of the company’s stock, valued at approximately $8,003,000. Stellantis accounts for about 3.7% of Chou Associates Management Inc.’s portfolio, making the stock its 8th biggest position.

Several other institutional investors have also recently made changes to their positions in STLA. National Bank of Canada FI lifted its holdings in shares of Stellantis by 3.7% in the 3rd quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock worth $306,000 after acquiring an additional 1,186 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Stellantis by 0.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 256,463 shares of the company’s stock valued at $1,790,000 after purchasing an additional 1,320 shares during the last quarter. Kestra Advisory Services LLC raised its position in Stellantis by 9.1% in the 1st quarter. Kestra Advisory Services LLC now owns 17,771 shares of the company’s stock worth $126,000 after purchasing an additional 1,488 shares during the period. Stifel Financial Corp raised its position in Stellantis by 7.6% in the 4th quarter. Stifel Financial Corp now owns 23,100 shares of the company’s stock worth $252,000 after purchasing an additional 1,624 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Stellantis by 113.6% in the fourth 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 during the last quarter. Institutional investors own 59.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Evercore set a $7.50 target price on Stellantis in a research report on Friday, July 31st. Wall Street Zen downgraded Stellantis from a “sell” rating to a “strong sell” rating in a report on Saturday. Sanford C. Bernstein lowered Stellantis from a “market perform” rating to an “underperform” rating in a research note on Friday, August 7th. Freedom Capital upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Finally, Piper Sandler downgraded Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 price objective on the stock. in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, Stellantis has a consensus rating of “Reduce” and an average price target of $8.66.

Stellantis Trading Up 3.0%

Shares of STLA opened at $5.42 on Friday. Stellantis N.V. has a 1-year low of $5.05 and a 1-year high of $12.22. The company has a 50-day moving average of $5.75 and a 200 day moving average of $6.95. The firm has a market capitalization of $20.40 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.31 and a beta of 1.45. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 0.76.

Stellantis (NYSE:STLA) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $49.63 billion during the quarter. On average, research analysts expect that Stellantis N.V. will post 0.61 EPS for the current 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.