Generali Asset Management SPA SGR Takes Position in Stellantis (NYSE:STLA)

Generali Asset Management SPA SGR purchased a new stake in shares of Stellantis (NYSE:STLA) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 4,276,400 shares of the company’s stock, valued at approximately $53,858,000. Stellantis makes up 1.4% of Generali Asset Management SPA SGR’s investment portfolio, making the stock its 11th largest position.

A number of other hedge funds have also recently made changes to their positions in STLA. Prospera Financial Services Inc lifted its holdings in shares of Stellantis by 9.5% during the 3rd quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock worth $192,000 after acquiring an additional 1,192 shares during the last quarter. Spire Wealth Management lifted its holdings 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 acquiring an additional 1,211 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Stellantis by 10.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company’s stock worth $212,000 after acquiring an additional 1,481 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after acquiring an additional 1,489 shares during the last quarter. Finally, Caprock Group LLC lifted its holdings in shares of Stellantis by 6.9% during the 4th quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock worth $317,000 after acquiring an additional 1,558 shares during the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on STLA shares. TD Cowen started coverage on shares of Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 price objective for the company. Cowen assumed coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a “hold” rating for the company. Nine analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.84.

Stellantis Stock Performance

Shares of NYSE:STLA opened at $12.57 on Tuesday. The company has a market cap of $37.99 billion, a price-to-earnings ratio of 3.68 and a beta of 1.64. The company has a 50-day moving average price of $13.05 and a 200-day moving average price of $13.52. 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 12 month low of $11.40 and a 12 month high of $29.51.

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.