Stellantis Sees Unusually High Options Volume (NYSE:STLA)

Stellantis N.V. (NYSE:STLA) was the target of some unusual options trading on Wednesday. Investors purchased 20,432 call options on the stock. This represents an increase of 117% compared to the typical daily volume of 9,409 call options.

Stellantis Stock Performance

Shares of STLA stock traded down $0.19 during mid-day trading on Wednesday, hitting $4.26. 5,154,705 shares of the stock were exchanged, compared to its average volume of 20,628,830. The stock’s fifty day simple moving average is $5.07 and its two-hundred day simple moving average is $6.27. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 0.35 and a beta of 1.49. Stellantis has a 12-month low of $4.25 and a 12-month high of $12.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.76 and a current ratio of 1.04.

Stellantis (NYSE:STLA) last posted its earnings results on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The firm had revenue of $49.63 billion for the quarter. On average, analysts forecast that Stellantis will post 0.44 EPS for the current year.

Trending Headlines about Stellantis

Here are the key news stories impacting Stellantis this week:

• Positive Sentiment: Stellantis will begin deploying its STLA One vehicle platform with Peugeot in France. A common platform could reduce development costs, accelerate new-model launches and improve manufacturing efficiency. Stellantis to start deployment of STLA One platform with Peugeot brand in France
• Positive Sentiment: The automaker unveiled six concepts, including lower-cost electric vehicles, at the Paris Motor Show. Affordable EVs could help revive European sales and improve Stellantis’ competitiveness against BYD, Tesla and Renault’s Dacia. Stellantis reveals six concepts on eve of Paris show
• Positive Sentiment: Freedom Broker maintained a “buy” rating, although it reduced its price target from $7.50 to $6.80. The revised target still implies substantial upside from the referenced share price, providing some analyst support. Stellantis price target and rating update
• Neutral Sentiment: Stellantis is exploring how much technology from Chinese partner Leapmotor will be incorporated into European vehicles. The relationship may improve EV cost and technology competitiveness, but it also raises questions about regulatory, brand and supply-chain exposure. Stellantis and Leapmotor Chinese technology
• Neutral Sentiment: Management said the auto industry is becoming more regional and expects the U.S. eventually to shift toward EVs, while calling the current U.S. EV market a bubble driven heavily by regulation. Stellantis also said separating its European and U.S. brands is not practical. Stellantis CEO on regional auto markets and EVs
• Negative Sentiment: Third-quarter consolidated shipments fell 1% year over year to approximately 1.3 million vehicles. European battery-electric growth was offset by lower North American volumes following planned production shutdowns. North American shipments dropped 12%, particularly affecting Jeep Grand Cherokee and Compass production. Stellantis Q3 shipments fall
• Negative Sentiment: CEO Antonio Filosa acknowledged that Europe has too much production capacity and is pursuing agreements to avoid plant closures. The comments highlight continuing utilization, restructuring and profitability risks. Stellantis excess European capacity

Institutional Investors Weigh In On Stellantis

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in Stellantis by 1,534.8% in the 2nd quarter. IFP Advisors Inc now owns 4,463 shares of the company’s stock valued at $26,000 after purchasing an additional 4,190 shares in the last quarter. MinichMacGregor Wealth Management LLC purchased a new position in shares of Stellantis during the 1st quarter worth approximately $73,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Stellantis during the 2nd quarter worth approximately $65,000. Summit Financial Strategies Inc. purchased a new position in shares of Stellantis during the 1st quarter worth approximately $83,000. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Stellantis in the 1st quarter valued at approximately $89,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on STLA shares. Berenberg Bank downgraded Stellantis from a “buy” rating to a “hold” rating in a report on Wednesday, September 16th. Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of Stellantis from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 19th. UBS Group lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday, August 3rd. Finally, Sanford C. Bernstein cut shares of Stellantis from a “market perform” rating to an “underperform” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $7.38.

About Stellantis

Stellantis N.V. is a global automotive company that designs, engineers, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. Its portfolio includes brands such as Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot and Ram.

The company serves customers across North America, Europe, South America, the Middle East and Africa, and other international markets. Its operations include vehicle manufacturing and distribution, financing and leasing, aftermarket parts and services, and the development of connected, electric and software-enabled vehicle technologies.

Stellantis was created in 2021 through the merger of Fiat Chrysler Automobiles and France’s Groupe PSA.