Virtu Financial LLC Buys 28,891 Shares of Stellantis (NYSE:STLA)

Virtu Financial LLC increased its stake in shares of Stellantis (NYSE:STLA) by 148.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,303 shares of the company’s stock after buying an additional 28,891 shares during the quarter. Virtu Financial LLC’s holdings in Stellantis were worth $679,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mediolanum International Funds Ltd increased its stake in Stellantis by 17.4% in the 3rd quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company’s stock valued at $9,426,000 after buying an additional 99,388 shares during the last quarter. FMR LLC increased its position in shares of Stellantis by 4.9% during the third quarter. FMR LLC now owns 3,137,594 shares of the company’s stock valued at $44,083,000 after acquiring an additional 145,583 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Stellantis by 47.1% during the third 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. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Stellantis by 10.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,980,732 shares of the company’s stock worth $27,429,000 after acquiring an additional 193,653 shares during the period. Finally, AM Squared Ltd purchased a new position in Stellantis in the third quarter worth $641,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Stock Up 1.8 %

Stellantis stock opened at $13.95 on Friday. The firm has a 50 day simple moving average of $13.30 and a 200 day simple moving average of $16.29. 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 has a 1-year low of $12.12 and a 1-year high of $29.51. The firm has a market capitalization of $43.70 billion, a price-to-earnings ratio of 4.57, a P/E/G ratio of 0.45 and a beta of 1.60.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Evercore ISI assumed coverage on Stellantis in a research note on Monday, November 11th. They set an “inline” rating on the stock. Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.34.

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.