Charles Schwab Investment Management Inc. Purchases 254,044 Shares of Nikola Co. (NASDAQ:NKLA)

Charles Schwab Investment Management Inc. raised its position in Nikola Co. (NASDAQ:NKLA) by 113.3% during the fourth quarter, Holdings Channel reports. The fund owned 478,171 shares of the company’s stock after acquiring an additional 254,044 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Nikola were worth $569,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of NKLA. Bank of New York Mellon Corp purchased a new stake in shares of Nikola during the 4th quarter valued at about $43,000. Van ECK Associates Corp grew its position in Nikola by 121.0% during the fourth quarter. Van ECK Associates Corp now owns 750,749 shares of the company’s stock valued at $893,000 after buying an additional 410,974 shares during the period. Tidal Investments LLC increased its holdings in Nikola by 193.3% during the third quarter. Tidal Investments LLC now owns 140,523 shares of the company’s stock valued at $644,000 after buying an additional 92,612 shares during the last quarter. Barclays PLC raised its position in Nikola by 121.1% in the third quarter. Barclays PLC now owns 9,475 shares of the company’s stock worth $43,000 after acquiring an additional 5,190 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Nikola by 11.5% during the 3rd quarter. Geode Capital Management LLC now owns 524,731 shares of the company’s stock worth $2,404,000 after acquiring an additional 53,966 shares during the last quarter. 37.38% of the stock is owned by hedge funds and other institutional investors.

Nikola Trading Down 28.7 %

NASDAQ:NKLA opened at $0.18 on Tuesday. Nikola Co. has a one year low of $0.18 and a one year high of $34.50. The business has a fifty day moving average price of $0.44 and a 200-day moving average price of $2.00. The firm has a market capitalization of $11.14 million, a price-to-earnings ratio of -0.01 and a beta of 1.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.17 and a quick ratio of 0.94.

Nikola Profile

Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. The company operates in truck and energy units. It commercializes battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) to the trucking sector.