Howard Bailey Securities LLC Invests $133,000 in Stellantis (NYSE:STLA)

Howard Bailey Securities LLC purchased a new stake in Stellantis (NYSE:STLA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,163 shares of the company’s stock, valued at approximately $133,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC increased its holdings in Stellantis by 112.1% in the 3rd quarter. ORG Partners LLC now owns 4,030 shares of the company’s stock valued at $57,000 after purchasing an additional 2,130 shares in the last quarter. Vontobel Holding Ltd. boosted its position in shares of Stellantis by 51.1% in the third quarter. Vontobel Holding Ltd. now owns 1,679,441 shares of the company’s stock worth $23,206,000 after buying an additional 567,867 shares during the period. nVerses Capital LLC grew its stake in shares of Stellantis by 41.6% in the third quarter. nVerses Capital LLC now owns 57,900 shares of the company’s stock valued at $813,000 after buying an additional 17,000 shares in the last quarter. KMG Fiduciary Partners LLC raised its holdings in shares of Stellantis by 8.8% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 82,083 shares of the company’s stock valued at $1,153,000 after buying an additional 6,632 shares during the period. Finally, Blue Trust Inc. lifted its position in Stellantis by 114.0% during the 3rd quarter. Blue Trust Inc. now owns 32,454 shares of the company’s stock worth $456,000 after acquiring an additional 17,287 shares in the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Price Performance

STLA stock opened at $13.54 on Friday. The stock’s 50 day moving average is $13.10 and its two-hundred day moving average is $14.02. Stellantis has a 52-week low of $12.12 and a 52-week high of $29.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14.

Analyst Upgrades and Downgrades

Separately, Evercore ISI started coverage on shares of Stellantis in a research report on Monday, November 11th. They issued an “inline” rating for the company. Seven equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.34.

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.