Stellantis (NYSE:STLA) Sees Unusually-High Trading Volume – Here’s Why

Stellantis (NYSE:STLA) shares saw strong trading volume on Wednesday . 13,878,946 shares changed hands during trading, an increase of 56% from the previous session’s volume of 8,896,909 shares.The stock last traded at $12.31 and had previously closed at $12.40.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Cowen began coverage on Stellantis in a research report on Thursday, March 6th. They set a “hold” rating on the stock. Piper Sandler downgraded Stellantis from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $23.00 to $13.00 in a report on Thursday, March 20th. Finally, TD Cowen began coverage on shares of Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 price target for the company. Ten investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.27.

Stellantis Trading Down 2.1 %

The stock has a market capitalization of $36.69 billion, a price-to-earnings ratio of 3.56 and a beta of 1.64. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $13.01 and a two-hundred day moving average of $13.36.

Institutional Trading of Stellantis

A number of institutional investors and hedge funds have recently modified their holdings of STLA. Geneos Wealth Management Inc. bought a new position in Stellantis in the 4th quarter worth $26,000. Mpwm Advisory Solutions LLC bought a new position in shares of Stellantis in the fourth quarter worth about $29,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Stellantis during the 4th quarter worth about $47,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after purchasing an additional 1,489 shares during the last quarter. Finally, WealthCollab LLC grew its holdings in Stellantis by 96.5% in the 4th quarter. WealthCollab LLC now owns 4,594 shares of the company’s stock valued at $60,000 after buying an additional 2,256 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

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.