Fiat Chrysler Automobiles Target of Unusually Large Options Trading (FCAU)

Fiat Chrysler Automobiles NV (NYSE:FCAU) was the target of unusually large options trading on Tuesday. Traders purchased 2,393 put options on the company. This represents an increase of 800% compared to the average daily volume of 266 put options.

A number of research analysts recently issued reports on FCAU shares. BidaskClub downgraded Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. ValuEngine downgraded Fiat Chrysler Automobiles from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded Fiat Chrysler Automobiles from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, December 20th. Morgan Stanley raised their price target on Fiat Chrysler Automobiles from $14.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, November 21st. Finally, Jefferies Group restated a “buy” rating and issued a $19.00 price target on shares of Fiat Chrysler Automobiles in a research note on Monday, October 16th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Fiat Chrysler Automobiles presently has an average rating of “Buy” and an average target price of $16.67.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in shares of Fiat Chrysler Automobiles in the second quarter valued at approximately $117,000. BKS Advisors LLC acquired a new stake in shares of Fiat Chrysler Automobiles in the second quarter valued at approximately $128,000. US Bancorp DE lifted its position in shares of Fiat Chrysler Automobiles by 15.6% in the second quarter. US Bancorp DE now owns 12,591 shares of the company’s stock valued at $134,000 after buying an additional 1,699 shares during the last quarter. QCM Cayman Ltd. acquired a new stake in shares of Fiat Chrysler Automobiles in the second quarter valued at approximately $136,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Fiat Chrysler Automobiles by 3.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,222 shares of the company’s stock valued at $141,000 after buying an additional 430 shares during the last quarter. 31.22% of the stock is owned by institutional investors.

Fiat Chrysler Automobiles (NYSE:FCAU) traded down $0.03 during mid-day trading on Friday, reaching $23.39. The company’s stock had a trading volume of 6,615,343 shares, compared to its average volume of 4,950,000. Fiat Chrysler Automobiles has a 12-month low of $9.05 and a 12-month high of $23.80. The company has a market capitalization of $36,000.00, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 0.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.48 and a current ratio of 0.77.

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About Fiat Chrysler Automobiles

Fiat Chrysler Automobiles N.V., together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. The company operates through six segments: NAFTA, LATAM, APAC, EMEA, Maserati, and Components. It provides passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.

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