Stock Traders Purchase High Volume of Call Options on Stellantis (NYSE:STLA)

Stellantis (NYSE:STLA - Get Free Report) was the target of some unusual options trading on Wednesday. Traders bought 15,541 call options on the stock. This is an increase of 50% compared to the average daily volume of 10,354 call options.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on STLA shares. Cowen began coverage on shares of Stellantis in a research note on Thursday, March 6th. They set a "hold" rating on the stock. Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. Finally, TD Cowen began coverage on shares of Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 target price for the company. Nine analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $19.27.

Stellantis Trading Down 4.8 %

Shares of NYSE STLA traded down $0.50 during trading on Friday, hitting $9.72. 32,355,225 shares of the company traded hands, compared to its average volume of 9,616,576. The firm has a market capitalization of $29.37 billion, a P/E ratio of 2.85 and a beta of 1.44. 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 company has a 50-day moving average price of $12.71 and a 200-day moving average price of $13.16. Stellantis has a 1 year low of $9.36 and a 1 year high of $27.56.

Remove Ads

Institutional Investors Weigh In On Stellantis

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Stellantis by 4.9% in the third quarter. FMR LLC now owns 3,137,594 shares of the company's stock valued at $44,083,000 after buying an additional 145,583 shares during the period. Norges Bank purchased a new stake in shares of Stellantis in the fourth quarter worth about $609,076,000. Korea Investment CORP raised its holdings in shares of Stellantis by 32.1% during the 4th quarter. Korea Investment CORP now owns 1,305,558 shares of the company's stock valued at $17,020,000 after buying an additional 317,091 shares during the period. Four Tree Island Advisory LLC purchased a new position in Stellantis in the 4th quarter worth approximately $2,019,000. Finally, World Investment Advisors LLC acquired a new stake in Stellantis in the third quarter valued at approximately $1,324,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

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.