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

Stellantis (NYSE:STLA) saw some unusual options trading on Wednesday. Stock traders purchased 15,541 call options on the stock. This is an increase of 50% compared to the typical volume of 10,354 call options.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new stake in Stellantis during the 4th quarter worth approximately $26,000. Mpwm Advisory Solutions LLC purchased a new position in Stellantis during the fourth quarter worth about $29,000. Pilgrim Partners Asia Pte Ltd bought a new position in Stellantis in the 4th quarter worth about $47,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Stellantis by 67.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after acquiring an additional 1,489 shares in the last quarter. Finally, WealthCollab LLC boosted its position in shares of Stellantis by 96.5% during the 4th quarter. WealthCollab LLC now owns 4,594 shares of the company’s stock valued at $60,000 after acquiring an additional 2,256 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Trading Up 1.6 %

Shares of STLA stock opened at $11.27 on Thursday. The stock has a market capitalization of $34.07 billion, a price-to-earnings ratio of 3.30 and a beta of 1.64. The company’s fifty day simple moving average is $12.84 and its two-hundred day simple moving average is $13.21. Stellantis has a 1 year low of $10.93 and a 1 year high of $27.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on STLA. Cowen assumed coverage on Stellantis in a research note on Thursday, March 6th. They set a “hold” rating on the stock. TD Cowen assumed coverage on shares of Stellantis in a research note on Friday, March 7th. They issued a “hold” rating and a $13.00 target price on the stock. Finally, Piper Sandler lowered shares of Stellantis from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. Nine analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.27.

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.