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

Shares of Stellantis (NYSE:STLA) gapped down before the market opened on Monday . The stock had previously closed at $13.95, but opened at $13.36. Stellantis shares last traded at $13.25, with a volume of 2,142,717 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on STLA. Barclays cut Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Finally, Evercore ISI initiated coverage on shares of Stellantis in a research report on Monday, November 11th. They set an “inline” rating for the company. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.34.

Stellantis Trading Up 1.3 %

The firm has a market cap of $41.82 billion, a price-to-earnings ratio of 4.38, a P/E/G ratio of 0.45 and a beta of 1.60. The firm’s 50-day moving average is $13.30 and its 200-day moving average is $16.13. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Institutional Investors Weigh In On Stellantis

A number of hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC bought a new position in Stellantis during the second quarter valued at approximately $25,000. Waldron Private Wealth LLC bought a new position in shares of Stellantis in the 3rd quarter valued at about $33,000. Central Pacific Bank Trust Division purchased a new stake in shares of Stellantis in the third quarter valued at $35,000. Cromwell Holdings LLC lifted its stake in shares of Stellantis by 52.9% during the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after acquiring an additional 1,036 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Stellantis during the third quarter valued at approximately $47,000. 59.48% of the stock is currently owned by institutional investors.

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.