Stellantis (NYSE:STLA) Shares Gap Down to $13.63

Stellantis (NYSE:STLA)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $13.63, but opened at $13.02. Stellantis shares last traded at $13.15, with a volume of 2,942,055 shares changing hands.

Analyst Upgrades and Downgrades

STLA has been the topic of a number of recent research reports. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $16.44 price objective (down previously from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Finally, Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.34.

Stellantis Stock Down 3.9 %

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The stock has a market cap of $41.04 billion, a price-to-earnings ratio of 2.73, a P/E/G ratio of 0.27 and a beta of 1.63. The business has a fifty day moving average of $15.83 and a 200 day moving average of $20.57.

Insider Activity

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

Hedge Funds Weigh In On Stellantis

Several hedge funds and other institutional investors have recently modified their holdings of STLA. Rothschild Investment LLC acquired a new position in Stellantis during the second quarter worth $25,000. Central Pacific Bank Trust Division acquired a new stake in shares of Stellantis in the 3rd quarter valued at $35,000. Westend Capital Management LLC bought a new stake in shares of Stellantis in the 1st quarter worth about $38,000. ORG Partners LLC acquired a new stake in shares of Stellantis during the 2nd quarter worth about $38,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of Stellantis during the 2nd quarter worth about $54,000. Institutional investors 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.