Stellantis (NYSE:STLA) Stock Holdings Increased by Conifer Management L.L.C.

Conifer Management L.L.C. increased its stake in shares of Stellantis (NYSE:STLA) by 26.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,000,000 shares of the company’s stock after purchasing an additional 1,880,000 shares during the quarter. Stellantis makes up approximately 13.5% of Conifer Management L.L.C.’s holdings, making the stock its 4th largest holding. Conifer Management L.L.C. owned 0.29% of Stellantis worth $126,450,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ruane Cunniff & Goldfarb L.P. raised its holdings in Stellantis by 14.4% in the 3rd quarter. Ruane Cunniff & Goldfarb L.P. now owns 51,673 shares of the company’s stock valued at $726,000 after acquiring an additional 6,509 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Stellantis by 18.1% in the third quarter. Public Sector Pension Investment Board now owns 1,099,313 shares of the company’s stock valued at $15,223,000 after purchasing an additional 168,520 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Stellantis by 10.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,980,732 shares of the company’s stock valued at $27,429,000 after purchasing an additional 193,653 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Stellantis by 464.4% during the third 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. Finally, FMR LLC boosted its stake 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 buying an additional 145,583 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

STLA has been the topic of several recent analyst reports. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Jefferies Financial Group reissued a “hold” rating and set a $16.44 price objective (down from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Evercore ISI initiated coverage on Stellantis in a research report on Monday, November 11th. They issued an “inline” rating on the stock. Finally, Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Stellantis has a consensus rating of “Hold” and a consensus target price of $27.34.

Stellantis Stock Up 1.4 %

NYSE:STLA traded up $0.18 during mid-day trading on Thursday, hitting $12.79. The company had a trading volume of 6,365,627 shares, compared to its average volume of 7,004,137. Stellantis has a 1 year low of $12.57 and a 1 year high of $29.51. The business has a fifty day simple moving average of $13.68 and a 200-day simple moving average of $17.09. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Stellantis Company 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.