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

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. United Community Bank purchased a new stake in Stellantis in the 4th quarter worth about $26,000. Flagship Harbor Advisors LLC bought a new position in Stellantis during the fourth quarter worth about $27,000. Montag A & Associates Inc. purchased a new position in shares of Stellantis in the third quarter worth about $34,000. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in shares of Stellantis by 113.6% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock worth $36,000 after purchasing an additional 1,755 shares in the last quarter. Finally, Cromwell Holdings LLC raised its position in shares of Stellantis by 1,402.0% in the fourth quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock valued at $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.

Stellantis Stock Performance

STLA traded down $0.34 during midday trading on Tuesday, reaching $6.04. The company had a trading volume of 16,249,695 shares, compared to its average volume of 19,245,039. Stellantis has a 12-month low of $5.97 and a 12-month high of $12.22. The business has a 50-day moving average price of $7.57 and a two-hundred day moving average price of $8.54. The stock has a market cap of $22.75 billion, a PE ratio of 24.18, a P/E/G ratio of 0.41 and a beta of 1.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.75 and a current ratio of 1.03.

Stellantis (NYSE:STLA) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $44.14 billion for the quarter. On average, sell-side analysts expect that Stellantis will post 0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on STLA shares. TD Cowen restated a “hold” rating on shares of Stellantis in a research note on Friday, May 22nd. Freedom Capital upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a research report on Monday, April 20th. Loop Capital set a $8.00 price target on shares of Stellantis in a report on Monday, March 2nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a research report on Tuesday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Stellantis currently has a consensus rating of “Hold” and a consensus target price 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.