Stellantis (NYSE:STLA) Shares Gap Down – Time to Sell?

Stellantis (NYSE:STLA)’s share price gapped down prior to trading on Friday . The stock had previously closed at $12.75, but opened at $12.47. Stellantis shares last traded at $12.63, with a volume of 4,664,557 shares trading hands.

Analysts Set New Price Targets

STLA has been the subject of several research analyst reports. TD Cowen began coverage on shares of Stellantis in a research report on Friday. They set a “hold” rating and a $13.00 price target for the company. Evercore ISI began coverage on shares of Stellantis in a research note on Monday, November 11th. They issued an “inline” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $24.47.

Stellantis Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The business has a fifty day moving average price of $13.11 and a 200 day moving average price of $13.76. The company has a market capitalization of $38.41 billion, a PE ratio of 3.73 and a beta of 1.64.

Institutional Investors Weigh In On Stellantis

Institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new position in shares of Stellantis during the fourth quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Stellantis in the fourth quarter worth approximately $29,000. Darwin Wealth Management LLC purchased a new stake in shares of Stellantis during the third quarter worth $47,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Stellantis during the 4th quarter worth about $47,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after buying an additional 1,489 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

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.