Stellantis (NYSE:STLA) Hits New 1-Year Low – Should You Sell?

Stellantis (NYSE:STLA)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $12.71 and last traded at $12.71, with a volume of 217085 shares traded. The stock had previously closed at $12.85.

Analyst Ratings Changes

A number of research firms recently issued reports on STLA. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Jefferies Financial Group reiterated a “hold” rating and set a $16.44 price objective (down from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft downgraded Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, Barclays downgraded Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.34.

Stellantis Stock Down 0.5 %

The stock has a 50-day moving average price of $13.85 and a 200-day moving average price of $17.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Institutional Trading of Stellantis

Several hedge funds have recently added to or reduced their stakes in the company. Capital International Investors lifted its holdings in Stellantis by 329.3% during the 1st quarter. Capital International Investors now owns 22,503,781 shares of the company’s stock worth $639,609,000 after purchasing an additional 17,261,955 shares during the last quarter. Capital World Investors lifted its holdings in Stellantis by 63.4% during the 1st quarter. Capital World Investors now owns 13,756,552 shares of the company’s stock worth $390,811,000 after purchasing an additional 5,336,868 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Stellantis by 0.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 9,838,506 shares of the company’s stock worth $194,755,000 after purchasing an additional 43,159 shares during the last quarter. AustralianSuper Pty Ltd lifted its holdings in Stellantis by 26.3% during the 3rd quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock worth $125,597,000 after purchasing an additional 1,894,146 shares during the last quarter. Finally, Conifer Management L.L.C. lifted its holdings in Stellantis by 26.4% during the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock worth $126,450,000 after purchasing an additional 1,880,000 shares during the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

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.