Chemistry Wealth Management LLC Reduces Position in Stellantis (NYSE:STLA)

Chemistry Wealth Management LLC cut its holdings in shares of Stellantis (NYSE:STLA) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,393 shares of the company’s stock after selling 10,318 shares during the period. Chemistry Wealth Management LLC’s holdings in Stellantis were worth $605,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Waldron Private Wealth LLC purchased a new position in Stellantis in the third quarter worth about $33,000. Central Pacific Bank Trust Division purchased a new position in Stellantis in the third quarter worth about $35,000. Cromwell Holdings LLC boosted its position in Stellantis by 52.9% in the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after purchasing an additional 1,036 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in Stellantis in the third quarter worth about $47,000. Finally, ORG Partners LLC boosted its position in Stellantis by 112.1% in the third quarter. ORG Partners LLC now owns 4,030 shares of the company’s stock worth $57,000 after purchasing an additional 2,130 shares during the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Evercore ISI assumed coverage on Stellantis in a research report on Monday, November 11th. They issued an “inline” rating on the stock. Barclays cut Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Stellantis currently has an average rating of “Hold” and an average price target of $27.34.

Stellantis Stock Performance

Shares of STLA opened at $12.88 on Friday. The business’s 50 day moving average is $13.04 and its 200 day moving average is $14.90. Stellantis has a 12-month low of $12.12 and a 12-month 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.

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.