Stellantis (NYSE:STLA) Shares Gap Down - Here's What Happened

Shares of Stellantis N.V. (NYSE:STLA - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $10.31, but opened at $9.92. Stellantis shares last traded at $10.03, with a volume of 1,642,538 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Redburn Atlantic downgraded Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Jefferies Financial Group upgraded shares of Stellantis from a "hold" rating to a "buy" rating and raised their price objective for the company from $10.25 to $13.20 in a research note on Wednesday, June 25th. UBS Group downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Piper Sandler downgraded shares of Stellantis from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $12.74.

Stellantis Stock Performance

The firm has a market cap of $30.04 billion, a P/E ratio of 2.92 and a beta of 1.44. 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 firm's fifty day moving average price is $10.00 and its 200 day moving average price is $11.39.

Stellantis Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were given a $0.5032 dividend. This represents a dividend yield of 6.07%. The ex-dividend date was Wednesday, April 23rd.

Hedge Funds Weigh In On Stellantis

A number of large investors have recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new position in shares of Stellantis during the 4th quarter worth approximately $29,000. GAMMA Investing LLC increased its position in shares of Stellantis by 422.3% during 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 in the last quarter. SVB Wealth LLC acquired a new position in Stellantis during the 1st quarter valued at about $35,000. Farther Finance Advisors LLC increased its position in Stellantis by 54.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock valued at $37,000 after buying an additional 1,167 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in Stellantis by 136.5% during the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company's stock valued at $43,000 after buying an additional 2,200 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors.

Stellantis Company Profile

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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