Stock Traders Purchase Large Volume of Stellantis Put Options (NYSE:STLA)

Stellantis (NYSE:STLA) saw some unusual options trading activity on Friday. Stock investors acquired 17,349 put options on the stock. This is an increase of 132% compared to the typical daily volume of 7,475 put options.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein started coverage on shares of Stellantis in a research report on Friday, June 28th. They issued a “market perform” rating and a $23.50 target price for the company. Barclays upgraded shares of Stellantis to a “strong-buy” rating in a research report on Monday, June 17th. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Jefferies Financial Group reissued a “hold” rating and set a $16.44 price target (down previously from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft cut Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.34.

Stellantis Stock Down 2.7 %

NYSE STLA opened at $15.00 on Friday. The business has a fifty day moving average price of $16.68 and a two-hundred day moving average price of $21.33. The stock has a market capitalization of $46.99 billion, a PE ratio of 3.00, a PEG ratio of 0.26 and a beta of 1.63. Stellantis has a fifty-two week low of $14.76 and a fifty-two week high of $29.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Insider Activity

In other news, major shareholder N.V. Stellantis acquired 2,982,089 shares of Stellantis stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the acquisition, the insider now directly owns 59,734,962 shares in the company, valued at approximately $200,112,122.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Stellantis

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Stellantis by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 83,818,351 shares of the company’s stock valued at $2,372,059,000 after purchasing an additional 972,232 shares during the last quarter. Capital International Investors lifted its stake in shares of Stellantis by 329.3% in the 1st quarter. Capital International Investors now owns 22,503,781 shares of the company’s stock valued at $639,609,000 after acquiring an additional 17,261,955 shares during the last quarter. Capital World Investors lifted its stake in shares of Stellantis by 63.4% in the 1st quarter. Capital World Investors now owns 13,756,552 shares of the company’s stock valued at $390,811,000 after acquiring an additional 5,336,868 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Stellantis by 5.0% during the 1st quarter. Bank of New York Mellon Corp now owns 11,532,856 shares of the company’s stock valued at $326,380,000 after acquiring an additional 548,929 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Stellantis by 0.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 9,838,506 shares of the company’s stock worth $194,755,000 after acquiring an additional 43,159 shares during the last quarter. 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.