Stellantis (NYSE:STLA) Hits New 1-Year Low - Here's Why

Key Points

• Stellantis hit a new 52-week low, trading as low as $6.85 and last at $6.9120 on heavy volume (4,588,758 shares); the 50‑day and 200‑day simple moving averages are $9.16 and $9.93, respectively.
• The analyst consensus is "Hold" with an average price target of $11.12; analyst coverage is mixed (1 Strong Buy, 4 Buy, 12 Hold, 2 Sell) and notable calls include Piper Sandler's $15 target and UBS's upgrade to Buy.
• Institutional investors own 59.48% of the stock, with large position changes recently—Amundi and Vanguard increased stakes and Norges Bank and Viking Global established sizable new positions.

Stellantis N.V. (NYSE:STLA - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $6.85 and last traded at $6.9120, with a volume of 4588758 shares changing hands. The stock had previously closed at $7.15.

Wall Street Analyst Weigh In

A number of analysts have commented on STLA shares. Piper Sandler set a $15.00 price target on Stellantis and gave the stock an "overweight" rating in a research report on Thursday, January 8th. TD Cowen reiterated a "hold" rating on shares of Stellantis in a research note on Friday, December 12th. UBS Group raised shares of Stellantis from a "neutral" rating to a "buy" rating in a report on Tuesday, December 2nd. Sanford C. Bernstein restated a "market perform" rating and set a $9.90 target price on shares of Stellantis in a research note on Wednesday, January 14th. 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 assigned a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Stellantis currently has a consensus rating of "Hold" and an average price target of $11.12.

Stellantis Stock Performance

The firm's 50 day simple moving average is $9.16 and its 200 day simple moving average is $9.93. The company has a quick ratio of 0.74, a current ratio of 1.02 and a debt-to-equity ratio of 0.59.

Institutional Trading of Stellantis

Several hedge funds and other institutional investors have recently bought and sold shares of STLA. Amundi lifted its stake in shares of 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 last quarter. Vanguard Group Inc. grew its position in Stellantis by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 96,294,105 shares of the company's stock valued at $1,054,515,000 after acquiring an additional 1,150,400 shares during the last quarter. Norges Bank bought a new position in Stellantis in the 4th quarter valued at $553,692,000. Viking Global Investors LP purchased a new stake in Stellantis in the fourth quarter worth $434,320,000. Finally, Bank of Italy increased its stake in Stellantis by 11.6% in the third quarter. Bank of Italy now owns 36,630,307 shares of the company's stock worth $338,212,000 after purchasing an additional 3,800,000 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.