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

Shares of Stellantis (NYSE:STLA) gapped down prior to trading on Thursday . The stock had previously closed at $12.32, but opened at $11.99. Stellantis shares last traded at $11.96, with a volume of 1,409,723 shares trading hands.

Wall Street Analyst Weigh In

STLA has been the subject of a number of research reports. Cowen initiated coverage on shares of Stellantis in a report on Thursday, March 6th. They issued a “hold” rating for the company. TD Cowen initiated coverage on shares of Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $24.47.

Stellantis Stock Up 4.7 %

The company has a market cap of $37.44 billion, a PE ratio of 3.63 and a beta of 1.64. 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 business’s 50 day moving average is $13.06 and its 200-day moving average is $13.59.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of STLA. Geneos Wealth Management Inc. acquired a new position in shares of Stellantis in the 4th quarter valued at $26,000. Mpwm Advisory Solutions LLC acquired a new stake in Stellantis during the 4th quarter worth $29,000. Darwin Wealth Management LLC acquired a new stake in Stellantis during the 3rd quarter worth $47,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Stellantis during the 4th quarter worth $47,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in 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 period. Institutional investors and hedge funds own 59.48% of the company’s stock.

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.