Stellantis Target of Unusually High Options Trading (NYSE:STLA)

Stellantis (NYSE:STLA - Get Free Report) was the target of unusually large options trading on Tuesday. Traders bought 40,212 call options on the stock. This represents an increase of approximately 300% compared to the typical daily volume of 10,046 call options.

Analyst Upgrades and Downgrades

STLA has been the topic of several analyst reports. TD Cowen initiated coverage on shares of Stellantis in a research report on Friday, March 7th. They set a "hold" rating and a $13.00 price target on the stock. Piper Sandler cut shares of Stellantis from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Redburn Atlantic downgraded Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday. UBS Group lowered Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Finally, Cowen began coverage on shares of Stellantis in a report on Thursday, March 6th. They set a "hold" rating on the stock. Eleven equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Stellantis has a consensus rating of "Hold" and a consensus price target of $16.49.

Institutional Investors Weigh In On Stellantis

Institutional investors have recently made changes to their positions in the stock. Orion Portfolio Solutions LLC raised its holdings in Stellantis by 7.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company's stock worth $211,000 after purchasing an additional 1,149 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Stellantis by 54.5% during the 1st 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 period. Spire Wealth Management lifted its position 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 buying an additional 1,211 shares during the period. Glenorchy Capital Ltd lifted its holdings in shares of Stellantis by 4.9% during the 4th quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock worth $375,000 after acquiring an additional 1,340 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Stellantis by 10.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company's stock valued at $212,000 after purchasing an additional 1,481 shares during the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Stock Performance

STLA traded up $0.25 during trading on Tuesday, hitting $9.51. The stock had a trading volume of 23,587,079 shares, compared to its average volume of 10,682,484. Stellantis has a twelve month low of $8.39 and a twelve month high of $25.05. The firm has a market capitalization of $28.75 billion, a P/E ratio of 2.79 and a beta of 1.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The company's 50-day moving average price is $11.69 and its 200 day moving average price is $12.65.

Stellantis Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 24th will be issued a $0.5032 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis's dividend payout ratio is currently 20.82%.

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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