NIO Sees Unusually High Options Volume (NYSE:NIO)

Nio Inc – (NYSE:NIO) saw unusually large options trading activity on Monday. Stock traders purchased 256,265 call options on the stock. This is an increase of 43% compared to the typical daily volume of 178,787 call options.

Institutional Trading of NIO

Several hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. raised its holdings in shares of NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after buying an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in NIO by 131.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after acquiring an additional 4,332 shares during the period. Sava Infond d.o.o. bought a new stake in NIO in the fourth quarter worth about $44,000. Callan Family Office LLC acquired a new stake in NIO in the 4th quarter valued at about $44,000. Finally, Trilogy Capital Inc. acquired a new position in shares of NIO in the 4th quarter worth approximately $45,000. Institutional investors own 48.55% of the company’s stock.

NIO Stock Performance

NIO traded up $0.01 during trading hours on Monday, hitting $4.48. 66,303,706 shares of the stock were exchanged, compared to its average volume of 54,344,324. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. NIO has a 12 month low of $3.61 and a 12 month high of $7.71. The stock has a 50-day simple moving average of $4.33 and a 200-day simple moving average of $4.81. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of -2.96 and a beta of 1.81.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NIO. Macquarie cut shares of NIO from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and lowered their target price for the company from $4.80 to $3.90 in a research note on Monday, November 25th. Finally, Hsbc Global Res lowered NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.30.

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.