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

Stellantis (NYSE:STLA) saw unusually large options trading activity on Thursday. Investors bought 10,472 put options on the stock. This represents an increase of approximately 35% compared to the average volume of 7,780 put options.

Institutional Trading of Stellantis

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on STLA. Sanford C. Bernstein lowered shares of Stellantis from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 28th. Berenberg Bank restated a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. Morgan Stanley increased their price target on shares of Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Piper Sandler initiated coverage on shares of Stellantis in a research note on Friday, March 15th. They set an “overweight” rating and a $39.00 price target on the stock. Finally, Nomura reiterated a “neutral” rating on shares of Stellantis in a research note 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 given a strong buy rating to the company. According to MarketBeat, Stellantis has an average rating of “Moderate Buy” and a consensus price target of $30.28.

Stellantis Stock Up 0.0 %

Shares of Stellantis stock opened at $20.50 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95. Stellantis has a fifty-two week low of $16.41 and a fifty-two week high of $29.51. The firm has a fifty day moving average price of $22.60 and a two-hundred day moving average price of $24.00.

Stellantis Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were issued a $1.147 dividend. 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.