Stellantis (NYSE:STLA) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Stellantis (NYSE:STLA) from a hold rating to a sell rating in a report published on Saturday.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group upgraded shares of Stellantis to a “hold” rating in a research report on Monday, November 24th. DZ Bank raised shares of Stellantis from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, December 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a research note on Wednesday, January 21st. Piper Sandler set a $15.00 price objective on Stellantis and gave the company an “overweight” rating in a report on Thursday, January 8th. Finally, HSBC reaffirmed a “hold” rating on shares of Stellantis in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.77.

Stellantis Stock Performance

Shares of STLA stock opened at $9.90 on Friday. Stellantis has a twelve month low of $8.39 and a twelve month high of $14.28. The stock’s fifty day simple moving average is $10.80 and its 200 day simple moving average is $10.19. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06.

Hedge Funds Weigh In On Stellantis

Institutional investors have recently made changes to their positions in the stock. National Bank of Canada FI grew its stake in shares of Stellantis by 3.7% in the 3rd quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock valued at $306,000 after buying an additional 1,186 shares during the period. Advisors Asset Management Inc. boosted its holdings in Stellantis by 2.1% in the second quarter. Advisors Asset Management Inc. now owns 59,263 shares of the company’s stock worth $594,000 after acquiring an additional 1,193 shares in the last quarter. Straightline Group LLC grew its stake in Stellantis by 5.0% in the second quarter. Straightline Group LLC now owns 28,248 shares of the company’s stock valued at $283,000 after acquiring an additional 1,352 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Stellantis by 28.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 7,110 shares of the company’s stock valued at $77,000 after acquiring an additional 1,586 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Stellantis by 2.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 83,148 shares of the company’s stock valued at $834,000 after acquiring an additional 1,599 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

About Stellantis

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.