Allianz Asset Management GmbH Decreases Stake in Stellantis (NYSE:STLA)

Allianz Asset Management GmbH cut its stake in shares of Stellantis (NYSE:STLA) by 29.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,231,319 shares of the company’s stock after selling 3,010,945 shares during the period. Allianz Asset Management GmbH’s holdings in Stellantis were worth $94,369,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cromwell Holdings LLC lifted its stake 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 acquiring an additional 1,036 shares during the last quarter. Prospera Financial Services Inc raised its holdings in shares of Stellantis by 9.5% in the 3rd quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock valued at $192,000 after purchasing an additional 1,192 shares in the last quarter. Spire Wealth Management lifted its position in shares of Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after purchasing an additional 1,211 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Caprock Group LLC increased its holdings in Stellantis by 6.9% in the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock valued at $317,000 after buying an additional 1,558 shares during the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Price Performance

Shares of NYSE:STLA opened at $13.95 on Friday. Stellantis has a 12 month low of $12.12 and a 12 month high of $29.51. The firm has a market capitalization of $42.16 billion, a P/E ratio of 4.20 and a beta of 1.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The company’s fifty day moving average price is $13.13 and its 200 day moving average price is $13.92.

Analyst Upgrades and Downgrades

Separately, Evercore ISI assumed coverage on Stellantis in a report on Monday, November 11th. They set an “inline” rating for the company. Seven equities 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’s stock. According to data from MarketBeat, Stellantis presently has an average rating of “Hold” and a consensus 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.