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

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

Institutional Investors Weigh In On Stellantis

Hedge funds have recently modified their holdings of the company. Rothschild Investment LLC purchased a new position in Stellantis during the second quarter worth about $25,000. ORG Partners LLC acquired a new stake in Stellantis during the second quarter worth approximately $38,000. Waldron Private Wealth LLC acquired a new stake in Stellantis during the third quarter worth approximately $33,000. Central Pacific Bank Trust Division acquired a new position in shares of Stellantis in the 3rd quarter valued at $35,000. Finally, Ridgewood Investments LLC acquired a new position in shares of Stellantis in the 2nd quarter valued at $54,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Evercore ISI assumed coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Finally, Barclays lowered Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Stellantis presently has a consensus rating of “Hold” and an average target price of $27.34.

Stellantis Trading Down 0.4 %

Shares of STLA opened at $13.83 on Thursday. 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 12-month low of $12.12 and a 12-month high of $29.51. The firm has a 50-day moving average price of $13.28 and a 200 day moving average price of $16.41.

About Stellantis

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.