Stellantis (NYSE:STLA) Stock Price Down 3.7%

Stellantis (NYSE:STLA) shares were down 3.7% during mid-day trading on Tuesday . The stock traded as low as $19.92 and last traded at $19.94. Approximately 1,375,781 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 5,814,377 shares. The stock had previously closed at $20.71.

Analyst Ratings Changes

Several analysts recently issued reports on STLA shares. Berenberg Bank reaffirmed a “hold” rating on shares of Stellantis in a report on Tuesday, March 26th. Barclays raised shares of Stellantis to a “strong-buy” rating in a report on Monday, June 17th. Sanford C. Bernstein assumed coverage on shares of Stellantis in a report on Friday, June 28th. They set a “market perform” rating and a $23.50 target price on the stock. Finally, Morgan Stanley increased their target price on shares of Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.55.

Stellantis Price Performance

The firm’s 50-day moving average price is $21.09 and its 200 day moving average price is $23.59. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24.

Hedge Funds Weigh In On Stellantis

Institutional investors have recently modified their holdings of the company. Westend Capital Management LLC bought a new position in shares of Stellantis during the first quarter worth about $38,000. ORG Partners LLC bought a new position in Stellantis in the 2nd quarter valued at about $38,000. Cape Investment Advisory Inc. grew its position in Stellantis by 424.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock valued at $50,000 after buying an additional 1,736 shares in the last quarter. Solstein Capital LLC bought a new position in Stellantis in the 4th quarter valued at about $50,000. Finally, Scarborough Advisors LLC bought a new position in Stellantis in the 4th quarter valued at about $59,000. Institutional investors 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.