Stellantis Sees Unusually Large Options Volume (NYSE:STLA)

Stellantis (NYSE:STLA) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 15,541 call options on the stock. This represents an increase of approximately 50% compared to the average daily volume of 10,354 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. acquired a new position in Stellantis in the fourth quarter valued at about $26,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Stellantis in the 4th quarter valued at about $29,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Stellantis in the 4th quarter valued at approximately $47,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Stellantis by 67.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after acquiring an additional 1,489 shares during the period. Finally, WealthCollab LLC grew its holdings in Stellantis by 96.5% during the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company’s stock valued at $60,000 after purchasing an additional 2,256 shares during the period. 59.48% of the stock is currently owned by institutional investors.

Stellantis Trading Down 9.4 %

Shares of NYSE STLA opened at $10.21 on Friday. The company’s 50 day simple moving average is $12.78 and its 200 day simple moving average is $13.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a fifty-two week low of $9.76 and a fifty-two week high of $27.56. The firm has a market capitalization of $30.86 billion, a P/E ratio of 2.99 and a beta of 1.64.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Cowen initiated coverage on Stellantis in a report on Thursday, March 6th. They set a “hold” rating on the stock. TD Cowen assumed coverage on shares of Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 price objective on the stock. Finally, Piper Sandler downgraded shares of Stellantis from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. Nine equities research 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.27.

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.