Stellantis (NYSE:STLA) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Stellantis (NYSE:STLA) from a sell rating to a hold rating in a research report report published on Monday morning.

STLA has been the topic of several other reports. DZ Bank raised Stellantis from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Loop Capital set a $8.00 target price on Stellantis in a report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a research note on Wednesday, January 21st. Freedom Capital downgraded Stellantis from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Finally, TD Cowen reaffirmed a “hold” rating on shares of Stellantis in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.12.

Stellantis Stock Performance

NYSE:STLA opened at $7.07 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average price is $9.08 and its 200-day moving average price is $9.91. Stellantis has a 52 week low of $6.85 and a 52 week high of $13.09.

Institutional Trading of Stellantis

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Stellantis during the 4th quarter valued at about $553,692,000. Viking Global Investors LP purchased a new stake in Stellantis in the 4th quarter worth approximately $434,320,000. Amundi raised its stake in Stellantis by 41.0% during the 2nd quarter. Amundi now owns 110,680,258 shares of the company’s stock worth $1,143,327,000 after acquiring an additional 32,206,884 shares during the period. Quadrature Capital Ltd raised its stake in Stellantis by 6,148.4% during the 3rd quarter. Quadrature Capital Ltd now owns 14,945,564 shares of the company’s stock worth $137,891,000 after acquiring an additional 14,706,375 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Stellantis by 353.2% during the fourth quarter. Marshall Wace LLP now owns 15,145,245 shares of the company’s stock valued at $167,481,000 after purchasing an additional 11,803,688 shares in the last quarter. Hedge funds and other 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.