Fiat Chrysler Automobiles NV (NYSE:FCAU) was the target of unusually large options trading on Wednesday. Traders purchased 17,011 put options on the stock. This represents an increase of 1,048% compared to the typical daily volume of 1,482 put options.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wexford Capital LP acquired a new position in Fiat Chrysler Automobiles NV during the fourth quarter worth approximately $101,000. Investment Centers of America Inc. acquired a new position in Fiat Chrysler Automobiles NV during the first quarter worth approximately $110,000. FormulaFolio Investments LLC acquired a new position in Fiat Chrysler Automobiles NV during the first quarter worth approximately $114,000. CAPROCK Group Inc. acquired a new position in Fiat Chrysler Automobiles NV during the first quarter worth approximately $115,000. Finally, Gabelli Funds LLC acquired a new position in Fiat Chrysler Automobiles NV during the fourth quarter worth approximately $119,000. 23.17% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the company. Jefferies Group LLC set a $14.00 price target on Fiat Chrysler Automobiles NV and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley increased their price objective on Fiat Chrysler Automobiles NV from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, April 28th. Goldman Sachs Group Inc reiterated a “buy” rating on shares of Fiat Chrysler Automobiles NV in a report on Wednesday, April 26th. Zacks Investment Research upgraded Fiat Chrysler Automobiles NV from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Thursday, April 20th. Finally, Vetr upgraded Fiat Chrysler Automobiles NV from a “buy” rating to a “strong-buy” rating and set a $12.38 price objective for the company in a report on Monday, April 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $13.31.

Fiat Chrysler Automobiles NV (NYSE:FCAU) traded up 2.33% during midday trading on Wednesday, reaching $10.56. The company’s stock had a trading volume of 16,691,531 shares. The company’s 50-day moving average is $10.62 and its 200 day moving average is $10.01. Fiat Chrysler Automobiles NV has a 12-month low of $5.45 and a 12-month high of $11.65. The firm has a market cap of $16.23 billion, a price-to-earnings ratio of 7.52 and a beta of 1.78.

Fiat Chrysler Automobiles NV (NYSE:FCAU) last released its earnings results on Wednesday, April 26th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $27.72 billion for the quarter, compared to analysts’ expectations of $27.51 billion. Fiat Chrysler Automobiles NV had a return on equity of 14.89% and a net margin of 1.63%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Equities analysts forecast that Fiat Chrysler Automobiles NV will post $2.35 earnings per share for the current year.

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12 Month Chart for NYSE:FCAU

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