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

Stellantis (NYSE:STLA - Get Free Report) 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 changing hands.

Wall Street Analyst Weigh In

STLA has been the topic of several research reports. Barclays lowered Stellantis from an "overweight" rating to an "equal weight" rating in a research note on Thursday, October 3rd. Evercore ISI initiated coverage on shares of Stellantis in a research report on Monday, November 11th. They set an "inline" rating for the company. Wolfe Research reissued a "peer perform" rating on shares of Stellantis in a research report on Thursday, September 5th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Stellantis in a report on Friday, October 4th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $27.34.

Stellantis Trading Down 5.5 %

The stock has a market cap of $41.29 billion, a P/E ratio of 4.57, a PEG 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. The firm's fifty day moving average price is $13.30 and its two-hundred day moving average price is $16.25.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its position in shares of Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company's stock valued at $102,340,000 after purchasing an additional 3,252,492 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Stellantis by 464.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company's stock worth $45,618,000 after buying an additional 2,671,500 shares in the last quarter. Banco Santander S.A. bought a new position in Stellantis during the third quarter valued at approximately $26,679,000. AustralianSuper Pty Ltd raised its stake in shares of Stellantis by 26.3% during the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company's stock worth $125,597,000 after acquiring an additional 1,894,146 shares in the last quarter. Finally, Conifer Management L.L.C. lifted its holdings in shares of Stellantis by 26.4% in the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company's stock worth $126,450,000 after acquiring an additional 1,880,000 shares during the last quarter. 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.