Investors Buy Large Volume of Call Options on Stellantis (NYSE:STLA)

Stellantis (NYSE:STLA) saw some unusual options trading on Tuesday. Stock investors acquired 22,769 call options on the stock. This represents an increase of 96% compared to the typical volume of 11,617 call options.

Stellantis Stock Up 1.5 %

NYSE STLA traded up $0.20 during trading hours on Tuesday, reaching $13.93. 5,393,501 shares of the company traded hands, compared to its average volume of 7,159,163. The company has a 50 day moving average of $13.27 and a two-hundred day moving average of $16.49. Stellantis has a 12 month low of $12.12 and a 12 month high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Evercore ISI began coverage on Stellantis in a research note on Monday, November 11th. They issued an “inline” rating on the stock. Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Finally, Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $27.34.

Hedge Funds Weigh In On Stellantis

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC raised its holdings in shares of Stellantis by 4.6% during the second quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock valued at $288,000 after acquiring an additional 636 shares during the period. Legacy Capital Group California Inc. lifted its holdings in shares of Stellantis by 7.0% in the second quarter. Legacy Capital Group California Inc. now owns 10,777 shares of the company’s stock valued at $214,000 after purchasing an additional 707 shares in the last quarter. CWM LLC boosted its position in shares of Stellantis by 7.6% in the second quarter. CWM LLC now owns 12,424 shares of the company’s stock worth $247,000 after buying an additional 874 shares during the period. Evergreen Capital Management LLC grew its holdings in shares of Stellantis by 2.4% during the second quarter. Evergreen Capital Management LLC now owns 41,257 shares of the company’s stock valued at $819,000 after buying an additional 971 shares in the last quarter. Finally, Cromwell Holdings LLC raised its position in Stellantis by 52.9% during the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after buying an additional 1,036 shares during the period. Institutional investors own 59.48% of the company’s stock.

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.