Stellantis (NYSE:STLA) Sees Strong Trading Volume - Here's Why

Stellantis N.V. (NYSE:STLA - Get Free Report) shares saw strong trading volume on Monday . 26,174,535 shares were traded during mid-day trading, an increase of 95% from the previous session's volume of 13,415,697 shares.The stock last traded at $9.45 and had previously closed at $9.20.

Wall Street Analysts Forecast Growth

STLA has been the topic of several research reports. DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Wolfe Research lowered Stellantis from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, July 2nd. UBS Group lowered Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Jefferies Financial Group raised Stellantis from a "hold" rating to a "buy" rating and increased their target price for the stock from $10.25 to $13.20 in a research report on Wednesday, June 25th. Finally, Bank of America lowered Stellantis from a "buy" rating to a "neutral" rating and cut their target price for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.74.

Stellantis Stock Up 0.9%

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.81 and a current ratio of 1.09. The stock has a market capitalization of $28.06 billion, a P/E ratio of 2.72, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. The stock's fifty day simple moving average is $10.06 and its two-hundred day simple moving average is $11.16.

Hedge Funds Weigh In On Stellantis

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mpwm Advisory Solutions LLC purchased a new position in shares of Stellantis during the fourth quarter worth approximately $29,000. GAMMA Investing LLC grew its holdings in shares of Stellantis by 422.3% in the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after purchasing an additional 2,538 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Stellantis in the first quarter worth approximately $35,000. Farther Finance Advisors LLC grew its holdings in shares of Stellantis by 54.5% in the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock worth $37,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in Stellantis by 136.5% in the first quarter. Harbour Investments Inc. now owns 3,812 shares of the company's stock valued at $43,000 after acquiring an additional 2,200 shares in the last quarter. Institutional investors own 59.48% of the company's stock.

About Stellantis

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.

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