Stellantis (NYSE:STLA) Shares Gap Up – Here’s What Happened

Stellantis N.V. (NYSE:STLA – Get Free Report) shares gapped up before the market opened on Wednesday. The stock had previously closed at $4.14, but opened at $4.58. Stellantis shares last traded at $4.6550, with a volume of 25,032,691 shares.

More Stellantis News

Here are the key news stories impacting Stellantis this week:

Analyst Upgrades and Downgrades

Several brokerages recently commented on STLA. Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a research note on Thursday, July 9th. Weiss Ratings cut shares of Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Stellantis in a report on Tuesday, July 14th. Freedom Broker reduced their price target on shares of Stellantis from $7.50 to $6.80 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a report on Wednesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, Stellantis currently has a consensus rating of “Reduce” and an average target price of $7.38.

View Our Latest Analysis on Stellantis

Stellantis Stock Up 13.6%

The stock has a 50-day simple moving average of $4.82 and a two-hundred day simple moving average of $6.69. The firm has a market cap of $17.71 billion, a PE ratio of 12.10 and a beta of 1.49.

Stellantis (NYSE:STLA – Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The firm had revenue of $49.63 billion for the quarter. Research analysts expect that Stellantis N.V. will post 0.41 earnings per share for the current year.

Institutional Investors Weigh In On Stellantis

A number of hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its position in Stellantis by 0.5% during the first quarter. Public Employees Retirement System of Ohio now owns 256,463 shares of the company’s stock valued at $1,790,000 after buying an additional 1,320 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of Stellantis by 9.1% during the first quarter. Kestra Advisory Services LLC now owns 17,771 shares of the company’s stock valued at $126,000 after purchasing an additional 1,488 shares during the period. DGS Capital Management LLC grew its holdings in shares of Stellantis by 14.4% in the first quarter. DGS Capital Management LLC now owns 15,622 shares of the company’s stock worth $111,000 after purchasing an additional 1,962 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Stellantis by 3.0% in the first quarter. Lazard Asset Management LLC now owns 67,305 shares of the company’s stock worth $472,000 after buying an additional 1,963 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in Stellantis by 5.7% during the 4th quarter. Corient Private Wealth LLC now owns 38,609 shares of the company’s stock valued at $421,000 after buying an additional 2,097 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

About Stellantis

(Get Free Report)

Stellantis N.V. (NYSE: STLA) is a global automotive company formed in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA. The company designs, engineers, manufactures and sells passenger cars, light commercial vehicles and mobility solutions across markets worldwide.

Stellantis operates a broad portfolio of automotive brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall. Its products range from mass-market cars and sport utility vehicles to commercial vans, performance vehicles and luxury automobiles.

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