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

Stellantis (NYSE:STLA) saw unusually large options trading activity on Wednesday. Investors purchased 15,541 call options on the stock. This represents an increase of 50% compared to the average daily volume of 10,354 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new position in shares of Stellantis during the fourth quarter valued at $26,000. Mpwm Advisory Solutions LLC purchased a new stake in Stellantis during the 4th quarter valued at about $29,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Stellantis during the 4th quarter valued at about $47,000. MassMutual Private Wealth & Trust FSB increased its stake in 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 in the last quarter. Finally, WealthCollab LLC raised its holdings in Stellantis by 96.5% in the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company’s stock worth $60,000 after buying an additional 2,256 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on STLA shares. Cowen started coverage on Stellantis in a research report on Thursday, March 6th. They set a “hold” rating on the stock. TD Cowen started coverage on 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 lowered Stellantis from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. Nine 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.27.

Stellantis Price Performance

Shares of Stellantis stock opened at $11.27 on Thursday. The company has a market cap of $34.07 billion, a PE ratio of 3.30 and a beta of 1.64. The business has a 50 day moving average of $12.84 and a 200 day moving average of $13.21. Stellantis has a 52 week low of $10.93 and a 52 week high of $27.56. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

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.