Stellantis (NYSE:STLA) Sees Unusually-High Trading Volume – Should You Buy?

Stellantis (NYSE:STLA) shares saw unusually-strong trading volume on Wednesday . Approximately 13,878,946 shares changed hands during trading, an increase of 56% from the previous session’s volume of 8,896,909 shares.The stock last traded at $12.31 and had previously closed at $12.40.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on STLA shares. Cowen began coverage on Stellantis in a research report on Thursday, March 6th. They issued a “hold” rating on the stock. Piper Sandler downgraded shares of Stellantis from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Finally, TD Cowen initiated coverage on shares of Stellantis in a research note on Friday, March 7th. They issued a “hold” rating and a $13.00 price target on the stock. Nine analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.27.

Stellantis Price Performance

The company’s 50-day simple moving average is $12.98 and its 200 day simple moving average is $13.34. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $34.27 billion, a price-to-earnings ratio of 3.32 and a beta of 1.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Orion Portfolio Solutions LLC boosted its holdings in Stellantis by 7.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company’s stock valued at $211,000 after purchasing an additional 1,149 shares during the period. Spire Wealth Management lifted its stake in Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after purchasing an additional 1,211 shares during the period. Glenorchy Capital Ltd boosted its holdings in Stellantis by 4.9% during the fourth quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company’s stock valued at $375,000 after purchasing an additional 1,340 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Stellantis by 10.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company’s stock worth $212,000 after buying an additional 1,481 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after acquiring an additional 1,489 shares in the last quarter. Institutional investors and hedge funds 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.