NIO Sees Unusually Large Options Volume (NYSE:NIO)

Nio Inc – (NYSE:NIO) saw some unusual options trading on Friday. Stock investors bought 258,933 call options on the company. This is an increase of 57% compared to the typical volume of 164,421 call options.

Institutional Trading of NIO

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. raised its position in shares of NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after buying an additional 3,607 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of NIO during the 3rd quarter valued at about $32,000. Jones Financial Companies Lllp boosted its position in shares of NIO by 131.8% during the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after acquiring an additional 4,332 shares during the last quarter. Callan Family Office LLC purchased a new position in shares of NIO during the fourth quarter worth about $44,000. Finally, Sava Infond d.o.o. bought a new position in shares of NIO in the fourth quarter worth approximately $44,000. Institutional investors own 48.55% of the company’s stock.

NIO Stock Performance

NIO stock opened at $4.45 on Friday. The firm’s 50 day simple moving average is $4.35 and its 200 day simple moving average is $4.75. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $9.28 billion, a PE ratio of -2.94 and a beta of 1.68. NIO has a 1-year low of $3.61 and a 1-year high of $7.71.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NIO shares. Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $4.80 to $3.90 in a report on Monday, November 25th. Macquarie lowered NIO from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Finally, HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.38.

About NIO

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.