Banco Santander S.A. Makes New Investment in Stellantis (NYSE:STLA)

Banco Santander S.A. acquired a new stake in Stellantis (NYSE:STLA) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,898,835 shares of the company’s stock, valued at approximately $26,679,000.

Several other institutional investors have also recently bought and sold shares of the business. Mediolanum International Funds Ltd raised its position in Stellantis by 17.4% in the third quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company’s stock valued at $9,426,000 after purchasing an additional 99,388 shares during the last quarter. Sound Income Strategies LLC raised its position in Stellantis by 47.1% during the 3rd quarter. Sound Income Strategies LLC now owns 280,010 shares of the company’s stock worth $3,934,000 after purchasing an additional 89,594 shares during the last quarter. Capital Research Global Investors lifted its holdings in Stellantis by 5.2% during the 1st quarter. Capital Research Global Investors now owns 1,203,915 shares of the company’s stock worth $34,218,000 after buying an additional 59,169 shares during the period. AM Squared Ltd acquired a new stake in shares of Stellantis in the third quarter valued at about $641,000. Finally, Bank of Montreal Can lifted its position in shares of Stellantis by 62.1% in the 2nd quarter. Bank of Montreal Can now owns 1,278,551 shares of the company’s stock worth $25,379,000 after purchasing an additional 489,932 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analyst Ratings Changes

STLA has been the topic of several recent analyst reports. Evercore ISI assumed coverage on shares of Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Deutsche Bank Aktiengesellschaft lowered Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $16.44 target price (down previously from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.34.

Stellantis Stock Performance

Shares of NYSE STLA opened at $12.71 on Thursday. 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’s 50 day moving average price is $13.85 and its 200-day moving average price is $17.37. Stellantis has a twelve month low of $12.71 and a twelve month 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.