Stellantis (NYSE:STLA - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $12.67, but opened at $12.11. Stellantis shares last traded at $12.18, with a volume of 3,672,363 shares.
Analysts Set New Price Targets
A number of research analysts recently issued reports on STLA shares. TD Cowen initiated coverage on Stellantis in a research report on Friday, March 7th. They set a "hold" rating and a $13.00 price objective for the company. Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $23.00 to $13.00 in a research report on Thursday. Finally, Cowen started coverage on shares of Stellantis in a report on Thursday, March 6th. They issued a "hold" rating on the stock. Ten research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Stellantis presently has a consensus rating of "Hold" and an average target price of $19.27.
Get Our Latest Report on STLA
Stellantis Stock Up 1.5 %
The firm has a market capitalization of $37.03 billion, a P/E ratio of 3.59 and a beta of 1.64. The firm's fifty day moving average price is $13.01 and its 200-day moving average price is $13.41. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.
Hedge Funds Weigh In On Stellantis
Several hedge funds have recently modified their holdings of STLA. FMR LLC boosted its stake in Stellantis by 4.9% during the third quarter. FMR LLC now owns 3,137,594 shares of the company's stock valued at $44,083,000 after buying an additional 145,583 shares in the last quarter. Four Tree Island Advisory LLC bought a new position in shares of Stellantis during the 4th quarter valued at about $2,019,000. World Investment Advisors LLC acquired a new position in shares of Stellantis in the 3rd quarter worth approximately $1,324,000. Sound Income Strategies LLC raised its holdings in shares of Stellantis by 13.4% in the 4th quarter. Sound Income Strategies LLC now owns 317,637 shares of the company's stock worth $4,145,000 after purchasing an additional 37,627 shares in the last quarter. Finally, Te Ahumairangi Investment Management Ltd lifted its stake in Stellantis by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company's stock valued at $7,408,000 after purchasing an additional 118,635 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.
About Stellantis
(
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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.
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