Stellantis (NYSE:STLA) Shares Gap Down – Should You Sell?

Stellantis (NYSE:STLA) shares gapped down before the market opened 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 traded.

Analyst Ratings Changes

A number of research analysts recently weighed in on STLA shares. Evercore ISI started coverage on shares of Stellantis in a report on Monday, November 11th. They issued an “inline” rating for the company. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Barclays lowered Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Eight equities 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 company. According to data from MarketBeat.com, Stellantis presently has a consensus rating of “Hold” and a consensus price target of $27.34.

Stellantis Price Performance

The stock has a fifty day moving average of $13.25 and a 200-day moving average of $15.48. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $39.19 billion, a price-to-earnings ratio of 4.10, a P/E/G ratio of 0.45 and a beta of 1.60.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Franklin Resources Inc. lifted its holdings in shares of Stellantis by 74.7% in 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. World Investment Advisors LLC purchased a new stake in Stellantis in the third quarter valued at approximately $1,324,000. Te Ahumairangi Investment Management Ltd lifted its stake in Stellantis by 28.3% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock valued at $7,408,000 after buying an additional 118,635 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of Stellantis by 5.2% in the third quarter. SkyView Investment Advisors LLC now owns 181,148 shares of the company’s stock valued at $2,552,000 after acquiring an additional 8,988 shares during the period. Finally, Virtu Financial LLC grew its position in shares of Stellantis by 148.8% during the third quarter. Virtu Financial LLC now owns 48,303 shares of the company’s stock worth $679,000 after acquiring an additional 28,891 shares during the last quarter. 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.