Stellantis (NYSE:STLA) Sees Large Volume Increase – Here’s Why

Stellantis (NYSE:STLA) saw unusually-high trading volume on Monday . Approximately 14,254,228 shares changed hands during trading, an increase of 39% from the previous session’s volume of 10,249,899 shares.The stock last traded at $8.86 and had previously closed at $8.87.

Analyst Ratings Changes

Several brokerages recently commented on STLA. UBS Group lowered Stellantis from a “buy” rating to a “neutral” rating in a report on Monday. Cowen started coverage on shares of Stellantis in a research report on Thursday, March 6th. They set a “hold” rating for the company. Piper Sandler downgraded shares of Stellantis from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. Finally, TD Cowen began coverage on shares of Stellantis in a research report on Friday, March 7th. They set a “hold” rating and a $13.00 price objective for the company. Ten analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $16.49.

Stellantis Trading Up 6.4 %

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 stock has a market cap of $28.54 billion, a PE ratio of 2.77 and a beta of 1.44. The stock has a 50-day moving average price of $12.14 and a two-hundred day moving average price of $12.84.

Institutional Trading of Stellantis

Several institutional investors have recently added to or reduced their stakes in STLA. Geneos Wealth Management Inc. purchased a new position in Stellantis in the 4th quarter worth about $26,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Stellantis during the fourth quarter valued at approximately $29,000. GAMMA Investing LLC grew its stake in Stellantis by 422.3% in the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock worth $35,000 after purchasing an additional 2,538 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Stellantis during the 4th quarter worth $47,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of 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 buying an additional 1,489 shares in the last quarter. Institutional investors 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.