Stellantis (NYSE:STLA - Get Free Report) saw unusually large options trading activity on Tuesday. Investors purchased 40,212 call options on the company. This represents an increase of 300% compared to the average volume of 10,046 call options.
Institutional Investors Weigh In On Stellantis
Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC raised its stake in shares of Stellantis by 148.8% in the 3rd quarter. Virtu Financial LLC now owns 48,303 shares of the company's stock valued at $679,000 after purchasing an additional 28,891 shares during the period. SkyView Investment Advisors LLC raised its position in Stellantis by 5.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 181,148 shares of the company's stock valued at $2,552,000 after buying an additional 8,988 shares during the last quarter. Te Ahumairangi Investment Management Ltd lifted its stake in Stellantis by 28.3% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company's stock valued at $7,408,000 after acquiring an additional 118,635 shares in the last quarter. World Investment Advisors LLC acquired a new position in Stellantis during the 3rd quarter worth approximately $1,324,000. Finally, Franklin Resources Inc. boosted its position in Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company's stock worth $102,340,000 after acquiring an additional 3,252,492 shares during the last quarter. 59.48% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Piper Sandler cut shares of Stellantis from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. TD Cowen initiated coverage on Stellantis in a research report on Friday, March 7th. They issued a "hold" rating and a $13.00 price target on the stock. UBS Group cut Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Redburn Atlantic cut Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Twelve analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $16.49.
Read Our Latest Analysis on Stellantis
Stellantis Stock Up 0.9 %
NYSE STLA traded up $0.08 during trading hours on Friday, reaching $9.41. 6,551,659 shares of the company's stock were exchanged, compared to its average volume of 10,806,379. 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 has a market capitalization of $28.45 billion, a price-to-earnings ratio of 2.76 and a beta of 1.44. The company's 50-day moving average is $11.32 and its two-hundred day moving average is $12.54. Stellantis has a one year low of $8.39 and a one year high of $25.05.
Stellantis Announces Dividend
The business also recently disclosed a dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be issued a dividend of $0.5032 per share. The ex-dividend date is Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis's payout ratio is 20.82%.
About Stellantis
(
Get Free Report)
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.
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