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

Stellantis (NYSE:STLA) was the target of some unusual options trading on Friday. Investors bought 30,753 call options on the stock. This is an increase of approximately 554% compared to the average volume of 4,704 call options.

Stellantis Price Performance

STLA stock opened at $25.95 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $26.73 and a 200-day moving average of $22.98. Stellantis has a fifty-two week low of $15.07 and a fifty-two week high of $29.51.

Stellantis Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be given a dividend of $1.147 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a dividend yield of 4.55%.

Insider Activity at Stellantis

In other Stellantis news, major shareholder N.V. Stellantis acquired 800,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was purchased at an average price of $4.83 per share, for a total transaction of $3,864,000.00. Following the transaction, the insider now owns 36,251,720 shares in the company, valued at approximately $175,095,807.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 3,150,000 shares of company stock valued at $15,724,500 in the last 90 days. 0.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in Stellantis in the fourth quarter valued at approximately $832,785,000. Acadian Asset Management LLC raised its stake in Stellantis by 100,358.0% in the third quarter. Acadian Asset Management LLC now owns 20,993,704 shares of the company’s stock valued at $404,714,000 after buying an additional 20,972,806 shares during the period. Invesco Ltd. bought a new stake in Stellantis in the third quarter valued at approximately $232,047,000. Vanguard Group Inc. raised its stake in Stellantis by 10.5% in the third quarter. Vanguard Group Inc. now owns 83,232,805 shares of the company’s stock valued at $1,592,244,000 after buying an additional 7,883,816 shares during the period. Finally, Nuveen Asset Management LLC bought a new stake in Stellantis in the fourth quarter valued at approximately $107,914,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on STLA. Piper Sandler began coverage on Stellantis in a research report on Friday, March 15th. They set an “overweight” rating and a $39.00 target price for the company. HSBC downgraded Stellantis from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. Wolfe Research began coverage on Stellantis in a report on Thursday, February 1st. They issued an “outperform” rating for the company. Nomura reiterated a “neutral” rating on shares of Stellantis in a report on Wednesday, March 13th. Finally, Redburn Atlantic began coverage on Stellantis in a report on Wednesday, January 24th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.