Stellantis (NYSE:STLA) Downgraded by Barclays

Stellantis (NYSE:STLA) was downgraded by investment analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Thursday, FinViz reports.

Several other equities research analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Sanford C. Bernstein started coverage on shares of Stellantis in a research note on Friday, June 28th. They issued a “market perform” rating and a $23.50 target price for the company. Nomura raised Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.34.

Stellantis Stock Performance

Shares of STLA opened at $13.64 on Thursday. The company has a market capitalization of $42.73 billion, a PE ratio of 2.73, a price-to-earnings-growth ratio of 0.27 and a beta of 1.63. 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 one year low of $13.60 and a one year high of $29.51. The company’s fifty day moving average price is $15.83 and its 200 day moving average price is $20.57.

Insider Buying and Selling

In other Stellantis news, major shareholder N.V. Stellantis bought 2,982,089 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the transaction, the insider now owns 59,734,962 shares in the company, valued at approximately $200,112,122.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of STLA. Rothschild Investment LLC acquired a new stake in Stellantis in the second quarter worth $25,000. Central Pacific Bank Trust Division bought a new stake in shares of Stellantis in the 3rd quarter valued at $35,000. Westend Capital Management LLC bought a new position in Stellantis during the first quarter worth about $38,000. ORG Partners LLC acquired a new position in Stellantis in the second quarter valued at about $38,000. Finally, Ridgewood Investments LLC bought a new stake in shares of Stellantis in the second quarter worth about $54,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

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.