This morning we watched Stellantis drop -2.4% to a price of $17.66 per share. The Large-Cap Auto Manufacturers company is now trading -35.36% below its average target price of $27.32. Analysts have set target prices ranging from $16.3 to $36.09 per share for Stellantis, and have given the stock an average rating of buy.
Stellantis's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.9%. The stock's short ratio is 3.88. The company's insiders own 25.61% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 50.2%. In conclusion, we believe there is positive market sentiment regarding Stellantis.
Institutions Invested in Stellantis
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Bpifrance SA | 6% | 192,703,907 | $3,403,150,968 |
| 2024-03-31 | Amundi | 3% | 85,757,320 | $1,514,474,258 |
| 2024-03-31 | Vanguard Group Inc | 3% | 83,818,351 | $1,480,232,065 |
| 2024-03-31 | Goldman Sachs Group Inc | 2% | 50,177,493 | $886,134,518 |
| 2024-03-31 | JP Morgan Chase & Company | 2% | 49,523,877 | $874,591,660 |
| 2024-03-31 | Arrowstreet Capital, Limited Partnership | 1% | 46,296,259 | $817,591,926 |
| 2024-06-30 | Bank of Italy | 1% | 36,979,002 | $653,049,169 |
| 2023-12-31 | Norges Bank Investment Management | 1% | 35,663,055 | $629,809,545 |
| 2024-03-31 | Acadian Asset Management. LLC | 1% | 23,640,080 | $417,483,809 |
| 2024-03-31 | Capital International Investors | 1% | 22,503,781 | $397,416,769 |
