Fiat Chrysler Automobiles N.V. Sees Unusually Large Options Volume (FCAU)

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) saw some unusual options trading on Thursday. Traders acquired 30,885 put options on the company. This represents an increase of Infinity compared to the typical daily volume of 0 put options.

A number of institutional investors and hedge funds have recently made changes to their positions in FCAU. Baillie Gifford & Co. boosted its stake in shares of Fiat Chrysler Automobiles N.V. by 18.2% during the 3rd quarter. Baillie Gifford & Co. now owns 79,791,751 shares of the company’s stock worth $1,430,041,000 after acquiring an additional 12,275,873 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. boosted its stake in shares of Fiat Chrysler Automobiles N.V. by 25.1% during the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 25,061,340 shares of the company’s stock worth $448,849,000 after acquiring an additional 5,029,683 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Fiat Chrysler Automobiles N.V. by 163.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,520,960 shares of the company’s stock worth $132,294,000 after acquiring an additional 4,669,960 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Fiat Chrysler Automobiles N.V. by 118.4% during the 2nd quarter. Renaissance Technologies LLC now owns 8,320,100 shares of the company’s stock worth $88,443,000 after acquiring an additional 4,510,540 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Fiat Chrysler Automobiles N.V. by 9.2% during the 2nd quarter. Vanguard Group Inc. now owns 27,193,557 shares of the company’s stock worth $289,068,000 after acquiring an additional 2,299,117 shares in the last quarter. 29.33% of the stock is currently owned by institutional investors.

Shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) opened at $17.31 on Tuesday. Fiat Chrysler Automobiles N.V. has a twelve month low of $6.87 and a twelve month high of $18.33. The firm has a market capitalization of $26,549.07, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 0.32 and a beta of 1.68. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.48.

FCAU has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Fiat Chrysler Automobiles N.V. from a “sell” rating to a “strong-buy” rating and set a $17.00 target price on the stock in a research report on Friday, August 25th. BidaskClub cut Fiat Chrysler Automobiles N.V. from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 7th. Deutsche Bank AG reiterated a “hold” rating on shares of Fiat Chrysler Automobiles N.V. in a research report on Thursday, September 7th. Jefferies Group LLC reiterated a “buy” rating and set a $19.00 target price on shares of Fiat Chrysler Automobiles N.V. in a research report on Monday, October 16th. Finally, Barclays PLC upgraded Fiat Chrysler Automobiles N.V. from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $15.53 to $10.00 in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Fiat Chrysler Automobiles N.V. has a consensus rating of “Buy” and a consensus target price of $16.15.

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About Fiat Chrysler Automobiles N.V.

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.

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