Stellantis (NYSE:STLA) Shares Gap Down – Here’s What Happened

Stellantis (NYSE:STLA)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $12.78, but opened at $12.49. Stellantis shares last traded at $12.47, with a volume of 1,149,621 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Evercore ISI began coverage on Stellantis in a research note on Monday, November 11th. They issued an “inline” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Finally, Barclays downgraded Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Stellantis currently has an average rating of “Hold” and a consensus price target of $27.34.

Stellantis Stock Performance

The stock has a 50 day moving average of $13.25 and a two-hundred day moving average of $15.48. The stock has a market capitalization of $39.19 billion, a PE ratio of 4.10, a P/E/G ratio of 0.45 and a beta of 1.60. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Institutional Trading of Stellantis

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Evergreen Capital Management LLC increased its holdings in Stellantis by 2.4% in the second quarter. Evergreen Capital Management LLC now owns 41,257 shares of the company’s stock valued at $819,000 after buying an additional 971 shares in the last quarter. Cromwell Holdings LLC increased its stake in Stellantis by 52.9% in the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after purchasing an additional 1,036 shares in the last quarter. Sfmg LLC raised its holdings in Stellantis by 0.5% during the second quarter. Sfmg LLC now owns 238,759 shares of the company’s stock worth $4,739,000 after purchasing an additional 1,090 shares during the last quarter. Prospera Financial Services Inc boosted its position in Stellantis by 9.5% during the third quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock worth $192,000 after purchasing an additional 1,192 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of Stellantis in the second quarter valued at $25,000. Institutional investors and hedge funds 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.