Stock Traders Purchase High Volume of Stellantis Call Options (NYSE:STLA)

Stellantis (NYSE:STLA - Get Free Report) saw unusually large options trading activity on Friday. Investors acquired 30,753 call options on the company. This represents an increase of 554% compared to the average daily volume of 4,704 call options.

Insider Buying and Selling

In other news, major shareholder N.V. Stellantis acquired 800,000 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average cost of $4.83 per share, for a total transaction of $3,864,000.00. Following the acquisition, the insider now directly owns 36,251,720 shares in the company, valued at $175,095,807.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders bought a total of 3,150,000 shares of company stock worth $15,724,500 in the last three months. Insiders own 0.02% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Westend Capital Management LLC bought a new position in Stellantis in the 1st quarter worth $38,000. Cary Street Partners Investment Advisory LLC bought a new position in Stellantis in the 3rd quarter worth $26,000. Financial Management Professionals Inc. boosted its holdings in Stellantis by 307.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,707 shares of the company's stock worth $33,000 after buying an additional 1,288 shares during the period. Bruce G. Allen Investments LLC bought a new position in Stellantis in the 4th quarter worth $40,000. Finally, Cape Investment Advisory Inc. boosted its holdings in Stellantis by 424.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company's stock worth $50,000 after buying an additional 1,736 shares during the period. Institutional investors own 59.48% of the company's stock.

Stellantis Trading Down 4.0 %

Shares of STLA stock traded down $1.07 during mid-day trading on Friday, reaching $25.95. 6,752,227 shares of the company's stock traded hands, compared to its average volume of 5,466,835. Stellantis has a 12 month low of $15.07 and a 12 month high of $29.51. The firm has a 50 day moving average price of $26.73 and a two-hundred day moving average price of $22.98. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Redburn Atlantic assumed coverage on shares of Stellantis in a research note on Wednesday, January 24th. They set a "buy" rating for the company. Berenberg Bank reiterated a "hold" rating on shares of Stellantis in a research note on Tuesday, March 26th. Wolfe Research assumed coverage on shares of Stellantis in a research note on Thursday, February 1st. They set an "outperform" rating for the company. Sanford C. Bernstein lowered shares of Stellantis from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 28th. Finally, Nomura reissued a "neutral" rating on shares of Stellantis in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Stellantis presently has an average rating of "Hold" and a consensus target price of $30.28.

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.