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

Stellantis N.V. (NYSE:STLA) shares gapped down prior to trading on Tuesday . The stock had previously closed at $11.31, but opened at $10.95. Stellantis shares last traded at $11.0150, with a volume of 1,657,908 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. DZ Bank raised shares of Stellantis from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 4th. UBS Group upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 2nd. BNP Paribas lowered Stellantis from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. The Goldman Sachs Group upgraded Stellantis to a “hold” rating in a research report on Monday, November 24th. Finally, Wall Street Zen cut shares of Stellantis from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Stellantis presently has a consensus rating of “Hold” and an average price target of $11.75.

Stellantis Price Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06. The company’s 50-day moving average is $10.87 and its two-hundred day moving average is $10.17.

Stellantis (NYSE:STLA) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($1.32). The company had revenue of $87.44 billion during the quarter, compared to analyst estimates of $87.94 billion. As a group, analysts anticipate that Stellantis N.V. will post 2.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Stellantis

A number of hedge funds have recently bought and sold shares of the company. Generali Asset Management SPA SGR raised its holdings in Stellantis by 2.2% during the third quarter. Generali Asset Management SPA SGR now owns 4,743,160 shares of the company’s stock worth $44,301,000 after buying an additional 102,328 shares during the last quarter. Aviva PLC raised its stake in shares of Stellantis by 81.3% in the second quarter. Aviva PLC now owns 2,322,896 shares of the company’s stock worth $23,265,000 after purchasing an additional 1,041,684 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Stellantis by 8.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,500,483 shares of the company’s stock valued at $28,030,000 after buying an additional 200,260 shares during the last quarter. 111 Capital bought a new position in Stellantis during the 2nd quarter valued at $1,819,000. Finally, Elgethun Capital Management grew its stake in shares of Stellantis by 8.2% in the 2nd quarter. Elgethun Capital Management now owns 342,727 shares of the company’s stock worth $3,438,000 after acquiring an additional 26,042 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Company Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.