Empirical Finance LLC Sells 14,669 Shares of Stellantis (NYSE:STLA)

Empirical Finance LLC decreased its position in shares of Stellantis (NYSE:STLA) by 44.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,701 shares of the company’s stock after selling 14,669 shares during the quarter. Empirical Finance LLC’s holdings in Stellantis were worth $244,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of STLA. Empowered Funds LLC boosted its holdings in Stellantis by 6.2% in the fourth quarter. Empowered Funds LLC now owns 46,925 shares of the company’s stock valued at $612,000 after acquiring an additional 2,731 shares during the last quarter. Exane Asset Management boosted its stake in shares of Stellantis by 4.8% in the 4th quarter. Exane Asset Management now owns 1,056,129 shares of the company’s stock valued at $13,827,000 after purchasing an additional 48,060 shares during the last quarter. Adero Partners LLC acquired a new stake in shares of Stellantis during the 4th quarter worth approximately $144,000. Optas LLC bought a new stake in shares of Stellantis during the fourth quarter worth approximately $202,000. Finally, Spire Wealth Management lifted its holdings in Stellantis by 29.7% in the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after buying an additional 1,211 shares during the period. 59.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Evercore ISI started coverage on shares of Stellantis in a report on Monday, November 11th. They set an “inline” rating for the company. Seven research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.34.

Stellantis Trading Up 1.0 %

Shares of STLA stock opened at $13.11 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 12-month low of $12.12 and a 12-month high of $29.51. The firm has a fifty day moving average of $13.08 and a 200-day moving average of $14.03.

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.