Stellantis Sees Unusually Large Options Volume (NYSE:STLA)

by · The Cerbat Gem

Stellantis N.V. (NYSE:STLA – Get Free Report) saw some unusual options trading on Wednesday. Stock traders bought 20,432 call options on the company. This is an increase of approximately 117% compared to the typical volume of 9,409 call options.

Stellantis Price Performance

Stellantis stock traded down $0.19 during trading hours on Wednesday, hitting $4.26. The stock had a trading volume of 5,154,705 shares, compared to its average volume of 20,628,830. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 0.76. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 0.35 and a beta of 1.49. Stellantis has a 1-year low of $4.25 and a 1-year high of $12.22. The stock’s fifty day moving average is $5.07 and its two-hundred day moving average is $6.27.

Stellantis (NYSE:STLA – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $49.63 billion during the quarter. As a group, analysts predict that Stellantis will post 0.44 earnings per share for the current fiscal year.

Key Headlines Impacting 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

Analyst Ratings Changes

A number of brokerages have recently issued reports on STLA. TD Cowen reiterated a “hold” rating on shares of Stellantis in a report on Wednesday, August 26th. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research report on Thursday, July 9th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Stellantis in a research report on Thursday, July 9th. Berenberg Bank lowered Stellantis from a “buy” rating to a “hold” rating in a research note on Wednesday, September 16th. Finally, Weiss Ratings cut Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $7.38.

Read Our Latest Analysis on Stellantis

Hedge Funds Weigh In On Stellantis

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of Stellantis by 84.7% in the first quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock valued at $166,746,000 after purchasing an additional 10,783,370 shares in the last quarter. Swiss National Bank grew its position in shares of Stellantis by 26.8% in the first quarter. Swiss National Bank now owns 6,981,716 shares of the company’s stock valued at $48,774,000 after purchasing an additional 1,477,637 shares during the last quarter. Ancient Art L.P. increased its stake in shares of Stellantis by 1.4% during the 4th quarter. Ancient Art L.P. now owns 3,499,412 shares of the company’s stock worth $38,109,000 after purchasing an additional 50,000 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Stellantis by 19.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,501,139 shares of the company’s stock worth $24,810,000 after purchasing an additional 574,048 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Stellantis by 118.4% during the 1st quarter. Renaissance Technologies LLC now owns 3,365,143 shares of the company’s stock worth $23,540,000 after purchasing an additional 1,824,139 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Company Profile

(Get Free Report)

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.

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