Alliancebernstein L.P. Decreases Stock Position in Stellantis (NYSE:STLA)

Alliancebernstein L.P. decreased its position in Stellantis (NYSE:STLA) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,810,525 shares of the company’s stock after selling 405,550 shares during the quarter. Alliancebernstein L.P. owned 0.09% of Stellantis worth $36,677,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Orion Portfolio Solutions LLC grew its holdings in Stellantis by 7.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company’s stock valued at $211,000 after purchasing an additional 1,149 shares in the last quarter. Spire Wealth Management grew its stake in shares of Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after acquiring an additional 1,211 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Stellantis by 10.0% during the fourth 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 stake in shares of Stellantis by 67.0% in the fourth 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 in the last quarter. Finally, Caprock Group LLC lifted its stake in shares of Stellantis by 6.9% in the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock worth $317,000 after acquiring an additional 1,558 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

Shares of STLA opened at $9.72 on Friday. The stock has a market capitalization of $29.37 billion, a PE ratio of 2.85 and a beta of 1.44. The business’s fifty day moving average price is $12.71 and its 200 day moving average price is $13.14. 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 $9.36 and a 12-month high of $27.56.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STLA. Piper Sandler downgraded Stellantis from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. Cowen began coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a “hold” rating for the company. Finally, TD Cowen started coverage on shares of Stellantis in a research note on Friday, March 7th. They set a “hold” rating and a $13.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Stellantis presently has an average rating of “Hold” and a consensus target price of $19.27.

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.