Stellantis Sees Unusually High Options Volume (NYSE:STLA)

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

Stellantis Price Performance

STLA stock opened at $15.00 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The company’s 50-day moving average is $16.68 and its 200-day moving average is $21.33. The stock has a market capitalization of $46.99 billion, a PE ratio of 3.00, a price-to-earnings-growth ratio of 0.26 and a beta of 1.63. Stellantis has a 1 year low of $14.76 and a 1 year high of $29.51.

Analyst Upgrades and Downgrades

STLA has been the topic of several analyst reports. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $16.44 price objective (down from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Barclays raised shares of Stellantis to a “strong-buy” rating in a research report on Monday, June 17th. Finally, Deutsche Bank Aktiengesellschaft lowered Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.34.

Insider Buying and Selling

In other Stellantis news, major shareholder N.V. Stellantis acquired 2,982,089 shares of Stellantis stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $3.35 per share, with a total value of $9,989,998.15. Following the completion of the purchase, the insider now directly owns 59,734,962 shares in the company, valued at approximately $200,112,122.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Stellantis during the second quarter worth approximately $11,420,000. Sanctuary Advisors LLC acquired a new position in Stellantis during the second quarter worth $1,131,000. Sycomore Asset Management lifted its stake in shares of Stellantis by 664.8% in the second quarter. Sycomore Asset Management now owns 929,984 shares of the company’s stock valued at $19,254,000 after buying an additional 808,388 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Stellantis by 367.8% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 698,900 shares of the company’s stock valued at $13,874,000 after buying an additional 549,500 shares during the last quarter. Finally, Truist Financial Corp increased its position in shares of Stellantis by 44.8% during the second quarter. Truist Financial Corp now owns 1,657,717 shares of the company’s stock worth $32,906,000 after acquiring an additional 513,188 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

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.