Stellantis Sees Unusually High Options Volume (NYSE:STLA)

Stellantis (NYSE:STLA) was the target of unusually large options trading on Thursday. Traders bought 10,472 put options on the stock. This represents an increase of approximately 35% compared to the typical daily volume of 7,780 put options.

Hedge Funds Weigh In On Stellantis

Several institutional investors have recently bought and sold shares of STLA. EverSource Wealth Advisors LLC raised its stake in shares of Stellantis by 6.0% in the first quarter. EverSource Wealth Advisors LLC now owns 11,519 shares of the company’s stock valued at $326,000 after acquiring an additional 656 shares in the last quarter. Cetera Advisors LLC raised its position in Stellantis by 227.0% in the 1st quarter. Cetera Advisors LLC now owns 41,606 shares of the company’s stock valued at $1,184,000 after purchasing an additional 28,882 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of Stellantis in the 1st quarter valued at about $2,168,000. Virtu Financial LLC acquired a new position in shares of Stellantis during the first quarter worth about $382,000. Finally, Advisory Resource Group increased its stake in shares of Stellantis by 14.3% during the first quarter. Advisory Resource Group now owns 35,673 shares of the company’s stock worth $1,010,000 after buying an additional 4,470 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on STLA. Piper Sandler started coverage on shares of Stellantis in a report on Friday, March 15th. They issued an “overweight” rating and a $39.00 price objective for the company. Sanford C. Bernstein cut shares of Stellantis from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 28th. Morgan Stanley lifted their price target on shares of Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Berenberg Bank reiterated a “hold” rating on shares of Stellantis in a research report on Tuesday, March 26th. Finally, Nomura restated a “neutral” rating on shares of Stellantis in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.28.

Stellantis Stock Up 0.4 %

STLA opened at $20.49 on Friday. Stellantis has a 52 week low of $16.41 and a 52 week high of $29.51. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.24. The business has a fifty day simple moving average of $22.84 and a 200-day simple moving average of $24.04.

Stellantis Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd were issued a dividend of $1.147 per share. This represents a yield of 4.55%. The ex-dividend date was Monday, April 22nd.

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.