Stellantis (NYSE:STLA) Given Average Rating of “Hold” by Brokerages

Shares of Stellantis (NYSE:STLA) have earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $27.34.

STLA has been the subject of several analyst reports. Nomura raised Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Jefferies Financial Group reissued a “hold” rating and set a $16.44 price objective (down previously from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th.

Insider Buying and Selling

In other Stellantis news, major shareholder N.V. Stellantis acquired 2,982,089 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the transaction, the insider now directly owns 59,734,962 shares of the company’s stock, valued at approximately $200,112,122.70. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.02% of the company’s stock.

Institutional Trading of Stellantis

Large investors have recently made changes to their positions in the stock. ORG Partners LLC grew its stake in Stellantis by 112.1% in the 3rd quarter. ORG Partners LLC now owns 4,030 shares of the company’s stock worth $57,000 after acquiring an additional 2,130 shares during the period. Polianta Ltd boosted its holdings in shares of Stellantis by 43.2% during the third quarter. Polianta Ltd now owns 67,600 shares of the company’s stock worth $949,000 after purchasing an additional 20,400 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its holdings in shares of Stellantis by 16.2% during the third quarter. Compagnie Lombard Odier SCmA now owns 256,621 shares of the company’s stock worth $3,554,000 after purchasing an additional 35,746 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Stellantis by 47.1% in the third quarter. Sound Income Strategies LLC now owns 280,010 shares of the company’s stock valued at $3,934,000 after purchasing an additional 89,594 shares during the period. Finally, CHICAGO TRUST Co NA increased its stake in Stellantis by 15.7% in the third quarter. CHICAGO TRUST Co NA now owns 17,424 shares of the company’s stock valued at $245,000 after purchasing an additional 2,361 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Trading Down 2.5 %

Shares of STLA stock opened at $12.91 on Wednesday. The firm has a fifty day moving average price of $15.20 and a 200 day moving average price of $19.52. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. Stellantis has a 12 month low of $12.74 and a 12 month high of $29.51.

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.