Investors Buy Large Volume of Call Options on Fiat Chrysler Automobiles N.V. (NYSE:FCAU)

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) was the recipient of unusually large options trading activity on Friday. Investors acquired 9,435 call options on the stock. This is an increase of approximately 451% compared to the typical volume of 1,711 call options.

A number of brokerages have issued reports on FCAU. Jefferies Group LLC set a $14.00 price objective on shares of Fiat Chrysler Automobiles N.V. and gave the stock a “buy” rating in a research note on Monday, May 22nd. Zacks Investment Research downgraded shares of Fiat Chrysler Automobiles N.V. from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Kepler Capital Markets raised shares of Fiat Chrysler Automobiles N.V. from a “hold” rating to a “buy” rating in a report on Friday. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Fiat Chrysler Automobiles N.V. in a report on Wednesday, April 26th. Finally, Morgan Stanley decreased their price target on shares of Fiat Chrysler Automobiles N.V. from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, June 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $12.55.

Shares of Fiat Chrysler Automobiles N.V. (NYSE FCAU) traded up 0.93% during midday trading on Friday, hitting $11.94. 6,526,385 shares of the company’s stock were exchanged. Fiat Chrysler Automobiles N.V. has a one year low of $6.01 and a one year high of $12.07. The firm has a market cap of $18.35 billion, a PE ratio of 5.58 and a beta of 1.67. The stock’s 50-day moving average price is $11.24 and its 200 day moving average price is $10.90.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.17. Fiat Chrysler Automobiles N.V. had a return on equity of 15.94% and a net margin of 2.51%. The firm had revenue of $27.93 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same period last year, the company posted $0.45 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts forecast that Fiat Chrysler Automobiles N.V. will post $2.52 EPS for the current year.

Several large investors have recently made changes to their positions in FCAU. Raymond James Financial Services Advisors Inc. raised its stake in shares of Fiat Chrysler Automobiles N.V. by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 102,728 shares of the company’s stock valued at $1,123,000 after buying an additional 400 shares in the last quarter. Greenleaf Trust raised its stake in Fiat Chrysler Automobiles N.V. by 3.2% in the second quarter. Greenleaf Trust now owns 17,251 shares of the company’s stock valued at $183,000 after buying an additional 542 shares during the period. US Bancorp DE raised its stake in Fiat Chrysler Automobiles N.V. by 5.7% in the first quarter. US Bancorp DE now owns 10,892 shares of the company’s stock valued at $120,000 after buying an additional 589 shares during the period. Stifel Financial Corp raised its stake in Fiat Chrysler Automobiles N.V. by 4.1% in the first quarter. Stifel Financial Corp now owns 28,768 shares of the company’s stock valued at $313,000 after buying an additional 1,138 shares during the period. Finally, Ronald Blue & Co. LLC raised its stake in Fiat Chrysler Automobiles N.V. by 6.3% in the first quarter. Ronald Blue & Co. LLC now owns 19,852 shares of the company’s stock valued at $217,000 after buying an additional 1,183 shares during the period. Institutional investors and hedge funds own 29.57% of the company’s stock.

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