Pilgrim Partners Asia Pte Ltd Invests $47,000 in Stellantis (NYSE:STLA)

Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Stellantis (NYSE:STLA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,600 shares of the company’s stock, valued at approximately $47,000.

Several other hedge funds also recently added to or reduced their stakes in STLA. Orion Portfolio Solutions LLC increased its holdings in Stellantis by 7.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company’s stock valued at $211,000 after buying an additional 1,149 shares in the last quarter. Spire Wealth Management increased its stake in shares of Stellantis by 29.7% in the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after purchasing an additional 1,211 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Stellantis by 10.0% in 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 during the period. MassMutual Private Wealth & Trust FSB boosted its position in Stellantis by 67.0% during the fourth 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 grew its holdings in Stellantis by 6.9% in the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock valued at $317,000 after purchasing an additional 1,558 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. TD Cowen initiated coverage on Stellantis in a research report on Friday, March 7th. They set a “hold” rating and a $13.00 target price on the stock. Piper Sandler downgraded shares of Stellantis from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $13.00 in a report on Thursday, March 20th. Finally, Cowen initiated coverage on shares of Stellantis in a research report on Thursday, March 6th. They set a “hold” rating for the company. Nine research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Stellantis presently has a consensus rating of “Hold” and an average price target of $19.27.

Stellantis Stock Down 4.8 %

Shares of STLA opened at $9.72 on Friday. 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 $29.37 billion, a PE ratio of 2.85 and a beta of 1.44. The company’s 50-day simple moving average is $12.71 and its 200-day simple moving average is $13.16. Stellantis has a 1 year low of $9.36 and a 1 year high of $27.56.

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.