Investors Buy Large Volume of Stellantis Call Options (NYSE:STLA)

Stellantis (NYSE:STLA) saw unusually large options trading on Tuesday. Stock investors acquired 23,104 call options on the stock. This is an increase of 132% compared to the average volume of 9,973 call options.

Stellantis Trading Down 3.1 %

Stellantis stock opened at $12.48 on Wednesday. Stellantis has a one year low of $11.40 and a one year high of $29.51. The stock has a market cap of $37.71 billion, a PE ratio of 3.66 and a beta of 1.64. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The stock has a 50-day moving average of $13.09 and a two-hundred day moving average of $13.64.

Institutional Trading of Stellantis

A number of institutional investors have recently bought and sold shares of STLA. Geneos Wealth Management Inc. purchased a new position in shares of Stellantis in the fourth quarter worth $26,000. Mpwm Advisory Solutions LLC purchased a new position in Stellantis in the 4th quarter worth $29,000. Darwin Wealth Management LLC acquired a new stake in Stellantis during the 3rd quarter worth about $47,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Stellantis during the 4th quarter worth about $47,000. Finally, MassMutual Private Wealth & Trust FSB grew 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 during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on STLA. TD Cowen started coverage on shares of Stellantis in a research note on Friday, March 7th. They set a “hold” rating and a $13.00 price objective for the company. Cowen began coverage on Stellantis in a research note on Thursday, March 6th. They issued a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Stellantis presently has a consensus rating of “Hold” and a consensus target price of $24.47.

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.