Fiat Chrysler Automobiles NV (NYSE:FCAU) was the target of some unusual options trading on Wednesday. Stock traders bought 34,352 call options on the company. This is an increase of approximately 9,631% compared to the typical volume of 353 call options.
A number of research firms have commented on FCAU. JPMorgan Chase & Co. raised Fiat Chrysler Automobiles from a “neutral” rating to an “overweight” rating in a research report on Friday. Zacks Investment Research lowered Fiat Chrysler Automobiles from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Bank of America set a $19.00 price target on Fiat Chrysler Automobiles and gave the company a “hold” rating in a research report on Wednesday, October 25th. Citigroup raised Fiat Chrysler Automobiles from a “sell” rating to a “neutral” rating and upped their price target for the company from $6.87 to $18.33 in a research report on Friday, November 10th. Finally, Morgan Stanley upped their price target on Fiat Chrysler Automobiles from $14.00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, November 21st. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Fiat Chrysler Automobiles currently has a consensus rating of “Buy” and a consensus target price of $16.78.
Large investors have recently made changes to their positions in the company. Ingalls & Snyder LLC bought a new position in shares of Fiat Chrysler Automobiles in the 3rd quarter worth approximately $181,000. FineMark National Bank & Trust bought a new position in shares of Fiat Chrysler Automobiles in the 3rd quarter worth approximately $188,000. Lorber David A raised its position in shares of Fiat Chrysler Automobiles by 38.3% in the 3rd quarter. Lorber David A now owns 11,844 shares of the company’s stock worth $212,000 after acquiring an additional 3,279 shares in the last quarter. QCM Cayman Ltd. bought a new position in shares of Fiat Chrysler Automobiles in the 2nd quarter worth approximately $136,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Fiat Chrysler Automobiles by 3.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,222 shares of the company’s stock worth $141,000 after acquiring an additional 430 shares in the last quarter. 31.22% of the stock is owned by hedge funds and other institutional investors.
Fiat Chrysler Automobiles Company Profile
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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