Stellantis (NYSE:STLA) Stock Holdings Increased by Rakuten Securities Inc.

Rakuten Securities Inc. grew its position in shares of Stellantis (NYSE:STLA) by 792.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,488 shares of the company’s stock after buying an additional 8,425 shares during the quarter. Rakuten Securities Inc.’s holdings in Stellantis were worth $124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Great Lakes Advisors LLC lifted its position in shares of Stellantis by 8.6% in the 4th quarter. Great Lakes Advisors LLC now owns 144,809 shares of the company’s stock worth $1,890,000 after buying an additional 11,465 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Stellantis by 10.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company’s stock worth $212,000 after acquiring an additional 1,481 shares during the period. Ruffer LLP lifted its holdings in Stellantis by 64.7% in the fourth quarter. Ruffer LLP now owns 1,479,686 shares of the company’s stock worth $19,285,000 after acquiring an additional 581,386 shares during the last quarter. Blankinship & Foster LLC acquired a new position in Stellantis in the fourth quarter valued at approximately $135,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Stellantis during the fourth quarter valued at approximately $1,241,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on STLA. TD Cowen initiated coverage on Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price target on the stock. Cowen began coverage on Stellantis in a research note on Thursday, March 6th. They issued a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Stellantis has an average rating of “Hold” and an average target price of $24.47.

Stellantis Price Performance

NYSE STLA opened at $12.34 on Thursday. The business’s fifty day moving average is $13.08 and its two-hundred day moving average is $13.63. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The stock has a market capitalization of $37.30 billion, a P/E ratio of 3.62 and a beta of 1.64. Stellantis has a 1 year low of $11.40 and a 1 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.