Quantbot Technologies LP Sells 232,792 Shares of Stellantis (NYSE:STLA)

Quantbot Technologies LP decreased its position in Stellantis (NYSE:STLA) by 59.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 158,353 shares of the company’s stock after selling 232,792 shares during the period. Quantbot Technologies LP’s holdings in Stellantis were worth $2,067,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Prospera Financial Services Inc lifted its stake in Stellantis by 9.5% in the 3rd quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock valued at $192,000 after acquiring an additional 1,192 shares in the last quarter. Spire Wealth Management raised its stake in shares of Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after purchasing an additional 1,211 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Stellantis by 10.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company’s stock worth $212,000 after purchasing an additional 1,481 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Caprock Group LLC raised its stake in shares of Stellantis by 6.9% during the 4th quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock worth $317,000 after purchasing an additional 1,558 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Down 0.9 %

STLA opened at $12.07 on Monday. Stellantis has a 1-year low of $11.40 and a 1-year high of $29.51. The stock’s fifty day simple moving average is $13.01 and its 200 day simple moving average is $13.41. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The stock has a market cap of $36.47 billion, a PE ratio of 3.54 and a beta of 1.64.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Cowen assumed coverage on Stellantis in a research note on Thursday, March 6th. They set a “hold” rating on the stock. TD Cowen assumed coverage on Stellantis in a research note on Friday, March 7th. They set a “hold” rating and a $13.00 price objective on the stock. Finally, Piper Sandler cut Stellantis from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $13.00 in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.27.

Stellantis Profile

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.