Stellantis (NYSE:STLA) Shares Gap Down to $15.21

Stellantis (NYSE:STLA)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $15.21, but opened at $14.90. Stellantis shares last traded at $14.81, with a volume of 1,155,624 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on STLA. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Barclays upgraded shares of Stellantis to a “strong-buy” rating in a report on Monday, June 17th. Deutsche Bank Aktiengesellschaft cut shares of Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Finally, Jefferies Financial Group restated a “hold” rating and set a $16.44 price objective (down from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Stellantis presently has an average rating of “Moderate Buy” and a consensus target price of $27.34.

Stellantis Trading Up 0.5 %

The stock’s fifty day moving average price is $17.15 and its 200-day moving average price is $21.71. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Insider Transactions at Stellantis

In related news, major shareholder N.V. Stellantis acquired 2,982,089 shares of Stellantis stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $3.35 per share, with a total value of $9,989,998.15. Following the completion of the transaction, the insider now directly owns 59,734,962 shares in the company, valued at approximately $200,112,122.70. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.02% of the stock is currently owned by corporate insiders.

Institutional Trading of Stellantis

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC acquired a new position in shares of Stellantis in the second quarter valued at about $25,000. Westend Capital Management LLC bought a new position in Stellantis during the 1st quarter worth $38,000. ORG Partners LLC acquired a new position in Stellantis in the 2nd quarter valued at $38,000. Cape Investment Advisory Inc. lifted its position in shares of Stellantis by 424.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock valued at $50,000 after acquiring an additional 1,736 shares during the period. Finally, Ridgewood Investments LLC acquired a new stake in shares of Stellantis during the 2nd quarter worth $54,000. Institutional investors own 59.48% of the company’s stock.

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.