Mediolanum International Funds Ltd Purchases 290,764 Shares of Stellantis (NYSE:STLA)

Mediolanum International Funds Ltd grew its holdings in Stellantis (NYSE:STLA) by 43.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 961,657 shares of the company’s stock after acquiring an additional 290,764 shares during the period. Mediolanum International Funds Ltd’s holdings in Stellantis were worth $12,537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STLA. AustralianSuper Pty Ltd boosted its position in Stellantis by 26.3% in the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock valued at $125,597,000 after buying an additional 1,894,146 shares during the last quarter. Conifer Management L.L.C. raised its holdings in Stellantis by 26.4% during the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock worth $126,450,000 after purchasing an additional 1,880,000 shares during the last quarter. Franklin Resources Inc. lifted its position in Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock valued at $102,340,000 after purchasing an additional 3,252,492 shares during the period. Quadrature Capital Ltd boosted its stake in shares of Stellantis by 30.4% in the 3rd quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company’s stock valued at $47,752,000 after purchasing an additional 802,497 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Stellantis by 464.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock worth $45,618,000 after buying an additional 2,671,500 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Trading Down 3.0 %

Shares of STLA stock opened at $13.12 on Friday. Stellantis has a 12-month low of $12.12 and a 12-month high of $29.51. 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 firm has a fifty day moving average of $13.06 and a 200-day moving average of $14.44.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on STLA. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Evercore ISI began coverage on Stellantis in a research report on Monday, November 11th. They issued an “inline” rating on the stock. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.34.

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.