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

Stellantis N.V. (NYSE:STLA) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 14,328 call options on the company. This represents an increase of 78% compared to the average daily volume of 8,032 call options.

Stellantis Price Performance

Shares of STLA stock traded down $0.34 on Tuesday, reaching $6.04. The company’s stock had a trading volume of 16,249,695 shares, compared to its average volume of 19,245,039. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.50. Stellantis has a 12-month low of $5.97 and a 12-month high of $12.22. The company has a market capitalization of $22.75 billion, a P/E ratio of 24.18, a PEG ratio of 0.41 and a beta of 1.41. The stock’s 50 day simple moving average is $7.57 and its 200-day simple moving average is $8.54.

Stellantis (NYSE:STLA) last posted its earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The business had revenue of $44.14 billion for the quarter. As a group, equities analysts predict that Stellantis will post 0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stellantis

Large investors have recently added to or reduced their stakes in the company. United Community Bank purchased a new position in shares of Stellantis during the 4th quarter valued at about $26,000. Flagship Harbor Advisors LLC purchased a new position in shares of Stellantis during the fourth quarter worth approximately $27,000. Montag A & Associates Inc. bought a new stake in shares of Stellantis in the 3rd quarter worth approximately $34,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in shares of Stellantis by 113.6% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock valued at $36,000 after purchasing an additional 1,755 shares during the last quarter. Finally, Cromwell Holdings LLC raised its position in Stellantis by 1,402.0% in the 4th quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock worth $41,000 after purchasing an additional 3,477 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Kepler Capital Markets downgraded Stellantis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Truist Financial set a $9.00 price objective on Stellantis in a report on Friday, May 22nd. Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a report on Monday, April 20th. Finally, Loop Capital set a $8.00 price target on Stellantis in a research report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.90.

Stellantis Company Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.