Traders Purchase Large Volume of Call Options on Stellantis (NYSE:STLA)

Stellantis (NYSE:STLA) was the target of unusually large options trading on Tuesday. Traders purchased 23,104 call options on the company. This represents an increase of approximately 132% compared to the average daily volume of 9,973 call options.

Institutional Trading of Stellantis

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. bought a new stake in Stellantis in the 4th quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new position in shares of Stellantis during the 4th quarter valued at approximately $29,000. Darwin Wealth Management LLC bought a new position in shares of Stellantis during the 3rd quarter valued at approximately $47,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Stellantis during the 4th quarter valued at approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after purchasing an additional 1,489 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Down 1.1 %

STLA stock opened at $12.34 on Thursday. Stellantis has a twelve month low of $11.40 and a twelve month high of $29.51. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The stock has a market cap of $37.30 billion, a P/E ratio of 3.62 and a beta of 1.64. The business’s 50-day moving average price is $13.08 and its 200-day moving average price is $13.63.

Analysts Set New Price Targets

A number of research firms have issued reports on STLA. Cowen began coverage on Stellantis in a report on Thursday, March 6th. They issued a “hold” rating for the company. TD Cowen started coverage on Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $24.47.

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.