Prospera Financial Services Inc Purchases 1,192 Shares of Stellantis (NYSE:STLA)

Prospera Financial Services Inc lifted its stake in shares of Stellantis (NYSE:STLA) by 9.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,681 shares of the company’s stock after purchasing an additional 1,192 shares during the period. Prospera Financial Services Inc’s holdings in Stellantis were worth $192,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rothschild Investment LLC acquired a new position in shares of Stellantis during the second quarter worth approximately $25,000. ORG Partners LLC acquired a new position in shares of Stellantis during the second quarter worth approximately $38,000. Waldron Private Wealth LLC acquired a new position in shares of Stellantis during the third quarter worth approximately $33,000. Central Pacific Bank Trust Division acquired a new position in Stellantis in the third quarter valued at approximately $35,000. Finally, Ridgewood Investments LLC acquired a new position in Stellantis in the second quarter valued at approximately $54,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Price Performance

STLA opened at $13.37 on Tuesday. The firm’s fifty day moving average is $13.73 and its two-hundred day moving average is $17.16. 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 twelve month low of $12.68 and a twelve month high of $29.51.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on STLA shares. Jefferies Financial Group restated a “hold” rating and issued a $16.44 price objective (down from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Evercore ISI started coverage on shares of Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.