Bank of Italy Has $465.36 Million Holdings in Stellantis (NYSE:STLA)

Bank of Italy lowered its position in shares of Stellantis (NYSE:STLA) by 3.8% in the 4th quarter, HoldingsChannel reports. The firm owned 35,579,002 shares of the company’s stock after selling 1,400,000 shares during the quarter. Stellantis makes up about 23.1% of Bank of Italy’s holdings, making the stock its 2nd biggest holding. Bank of Italy’s holdings in Stellantis were worth $465,364,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in shares of Stellantis by 74.7% in the third quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock worth $102,340,000 after buying an additional 3,252,492 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Stellantis by 464.4% in 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. Banco Santander S.A. purchased a new position in shares of Stellantis in the third quarter worth about $26,679,000. AustralianSuper Pty Ltd increased its holdings in shares of Stellantis by 26.3% in the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock worth $125,597,000 after buying an additional 1,894,146 shares during the period. Finally, Conifer Management L.L.C. increased its holdings in shares of Stellantis by 26.4% in the third quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock worth $126,450,000 after buying an additional 1,880,000 shares during the period. Institutional investors own 59.48% of the company’s stock.

Stellantis Price Performance

Stellantis stock opened at $12.45 on Wednesday. The stock’s 50 day simple moving average is $13.10 and its two-hundred day simple moving average is $14.98. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. Stellantis has a fifty-two week low of $12.12 and a fifty-two week high of $29.51.

Analyst Ratings Changes

Several research analysts have recently commented on STLA shares. Barclays downgraded Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Evercore ISI started coverage on Stellantis in a report on Monday, November 11th. They set an “inline” rating on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.