Stellantis Sees Unusually High Options Volume (NYSE:STLA)

Stellantis (NYSE:STLA) saw unusually large options trading activity on Friday. Traders acquired 17,349 put options on the stock. This represents an increase of 132% compared to the average volume of 7,475 put options.

Stellantis Stock Performance

STLA traded down $0.35 during trading hours on Friday, reaching $15.07. The company’s stock had a trading volume of 5,096,749 shares, compared to its average volume of 6,466,548. 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 company’s 50-day moving average is $16.88 and its 200-day moving average is $21.45. Stellantis has a 52 week low of $14.76 and a 52 week high of $29.51. The firm has a market cap of $47.21 billion, a PE ratio of 3.08, a price-to-earnings-growth ratio of 0.26 and a beta of 1.63.

Insiders Place Their Bets

In other Stellantis news, major shareholder N.V. Stellantis bought 2,982,089 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $3.35 per share, with a total value of $9,989,998.15. Following the completion of the purchase, the insider now owns 59,734,962 shares in the company, valued at $200,112,122.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Stellantis

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake in Stellantis by 4.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,863 shares of the company’s stock valued at $253,000 after buying an additional 430 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Stellantis by 3.5% in the first quarter. Hexagon Capital Partners LLC now owns 13,677 shares of the company’s stock valued at $387,000 after acquiring an additional 463 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of Stellantis by 5.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company’s stock valued at $298,000 after acquiring an additional 562 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Stellantis by 4.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock worth $288,000 after purchasing an additional 636 shares in the last quarter. Finally, Janiczek Wealth Management LLC raised its position in shares of Stellantis by 2.4% in the first quarter. Janiczek Wealth Management LLC now owns 28,441 shares of the company’s stock valued at $805,000 after buying an additional 660 shares in the last quarter. 59.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

STLA has been the subject of several research analyst reports. Barclays upgraded shares of Stellantis to a “strong-buy” rating in a report on Monday, June 17th. Deutsche Bank Aktiengesellschaft downgraded Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $16.44 price objective (down from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, Nomura Securities upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.34.

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.