Stellantis (NYSE:STLA) is swisspartners Advisors Ltd’s 2nd Largest Position

swisspartners Advisors Ltd lifted its holdings in Stellantis (NYSE:STLA) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 660,320 shares of the company’s stock after buying an additional 38,220 shares during the period. Stellantis makes up about 15.3% of swisspartners Advisors Ltd’s portfolio, making the stock its 2nd biggest holding. swisspartners Advisors Ltd’s holdings in Stellantis were worth $8,617,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC raised its position in Stellantis by 4.9% in the 3rd quarter. FMR LLC now owns 3,137,594 shares of the company’s stock worth $44,083,000 after purchasing an additional 145,583 shares during the period. Mediolanum International Funds Ltd lifted its stake in shares of Stellantis by 17.4% during the 3rd quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company’s stock worth $9,426,000 after acquiring an additional 99,388 shares during the last quarter. Sound Income Strategies LLC grew its position in Stellantis by 47.1% in the 3rd quarter. Sound Income Strategies LLC now owns 280,010 shares of the company’s stock valued at $3,934,000 after acquiring an additional 89,594 shares during the last quarter. World Investment Advisors LLC bought a new stake in Stellantis during the 3rd quarter valued at about $1,324,000. Finally, Te Ahumairangi Investment Management Ltd boosted its holdings in shares of Stellantis by 28.3% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock valued at $7,408,000 after purchasing an additional 118,635 shares during the period. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

Shares of NYSE STLA opened at $12.97 on Monday. Stellantis has a 12-month low of $12.12 and a 12-month high of $29.51. The stock’s fifty day simple moving average is $13.06 and its two-hundred day simple moving average is $14.10. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Analyst Ratings Changes

Separately, Evercore ISI assumed coverage on Stellantis in a 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.