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

Stellantis (NYSE:STLA) was the recipient of some unusual options trading on Tuesday. Stock traders purchased 22,769 call options on the stock. This is an increase of 96% compared to the typical daily volume of 11,617 call options.

Analyst Upgrades and Downgrades

Several research firms have weighed in on STLA. Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Barclays lowered Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Finally, Evercore ISI started coverage on shares of Stellantis in a research note on Monday, November 11th. They set an “inline” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.34.

Stellantis Stock Up 1.2 %

NYSE STLA opened at $13.90 on Wednesday. The stock has a fifty day simple moving average of $13.27 and a 200-day simple moving average of $16.43. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. Stellantis has a twelve month low of $12.12 and a twelve month high of $29.51.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Mediolanum International Funds Ltd raised its stake in shares of Stellantis by 17.4% in the 3rd quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company’s stock valued at $9,426,000 after acquiring an additional 99,388 shares during the period. FMR LLC raised its position in Stellantis by 4.9% in the third quarter. FMR LLC now owns 3,137,594 shares of the company’s stock valued at $44,083,000 after purchasing an additional 145,583 shares during the period. Sound Income Strategies LLC lifted its stake in Stellantis by 47.1% during the third quarter. Sound Income Strategies LLC now owns 280,010 shares of the company’s stock worth $3,934,000 after purchasing an additional 89,594 shares in the last quarter. AM Squared Ltd acquired a new position in Stellantis during the third quarter worth $641,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Stellantis by 10.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,980,732 shares of the company’s stock worth $27,429,000 after buying an additional 193,653 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

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.