Optas LLC Buys Shares of 15,514 Stellantis (NYSE:STLA)

Optas LLC purchased a new position in Stellantis (NYSE:STLA) during the fourth quarter, HoldingsChannel reports. The firm purchased 15,514 shares of the company’s stock, valued at approximately $202,000.

Other large investors also recently modified their holdings of the company. FMR LLC boosted its stake in shares of Stellantis by 4.9% during the 3rd quarter. FMR LLC now owns 3,137,594 shares of the company’s stock worth $44,083,000 after acquiring an additional 145,583 shares during the last quarter. Mediolanum International Funds Ltd lifted its position in Stellantis by 17.4% during 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 in the last quarter. Sound Income Strategies LLC grew its holdings in Stellantis by 47.1% during the third quarter. Sound Income Strategies LLC now owns 280,010 shares of the company’s stock valued at $3,934,000 after purchasing an additional 89,594 shares during the period. World Investment Advisors LLC purchased a new stake in Stellantis in the third quarter worth about $1,324,000. Finally, Te Ahumairangi Investment Management Ltd raised its stake in shares of Stellantis by 28.3% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock worth $7,408,000 after buying an additional 118,635 shares during the period. Institutional investors own 59.48% of the company’s stock.

Wall Street Analyst Weigh In

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

Stellantis Trading Up 4.1 %

STLA stock opened at $13.14 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The company’s fifty day moving average price is $13.06 and its 200-day moving average price is $14.25. Stellantis has a one year low of $12.12 and a one year high of $29.51.

About Stellantis

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.