DGS Capital Management LLC Decreases Stock Position in Stellantis (NYSE:STLA)

DGS Capital Management LLC decreased its stake in shares of Stellantis (NYSE:STLA) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,960 shares of the company’s stock after selling 5,345 shares during the quarter. DGS Capital Management LLC’s holdings in Stellantis were worth $1,095,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. CWM LLC lifted its position in shares of Stellantis by 7.6% during the 2nd quarter. CWM LLC now owns 12,424 shares of the company’s stock worth $247,000 after buying an additional 874 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Stellantis by 4.6% during the second quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock worth $288,000 after purchasing an additional 636 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Stellantis by 26.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 49,099 shares of the company’s stock worth $974,000 after purchasing an additional 10,336 shares during the period. ORG Partners LLC acquired a new position in Stellantis in the 2nd quarter valued at $38,000. Finally, Assenagon Asset Management S.A. increased its stake in Stellantis by 8.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 153,775 shares of the company’s stock valued at $3,044,000 after buying an additional 11,581 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Stock Up 1.9 %

NYSE:STLA traded up $0.26 during midday trading on Friday, hitting $13.97. 1,854,986 shares of the stock were exchanged, compared to its average volume of 7,167,952. The business has a 50-day moving average price of $13.29 and a two-hundred day moving average price of $16.39. Stellantis has a one year low of $12.12 and a one year 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.

Analyst Upgrades and Downgrades

STLA has been the topic of several analyst reports. Evercore ISI initiated coverage on shares of Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock 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.