NIO Sees Unusually Large Options Volume (NYSE:NIO)

Nio Inc – (NYSE:NIO) was the recipient of unusually large options trading activity on Friday. Traders bought 258,933 call options on the company. This is an increase of approximately 57% compared to the typical volume of 164,421 call options.

Wall Street Analyst Weigh In

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

NIO Trading Up 1.7 %

Shares of NIO stock traded up $0.08 during mid-day trading on Friday, hitting $4.45. The company’s stock had a trading volume of 100,669,094 shares, compared to its average volume of 46,601,984. NIO has a 52 week low of $3.61 and a 52 week high of $7.71. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The company’s fifty day simple moving average is $4.35 and its 200-day simple moving average is $4.75. The company has a market cap of $9.28 billion, a PE ratio of -2.94 and a beta of 1.68.

Institutional Trading of NIO

Hedge funds have recently modified their holdings of the stock. FMR LLC raised its holdings in shares of NIO by 5,388.5% during the third quarter. FMR LLC now owns 5,394,895 shares of the company’s stock valued at $36,038,000 after purchasing an additional 5,296,601 shares during the period. Trexquant Investment LP acquired a new position in NIO during the 4th quarter worth approximately $3,305,000. Point72 Hong Kong Ltd acquired a new stake in NIO in the third quarter valued at approximately $4,879,000. SG Americas Securities LLC increased its holdings in shares of NIO by 104.8% during the fourth quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock valued at $5,018,000 after acquiring an additional 589,082 shares in the last quarter. Finally, Quadrature Capital Ltd raised its position in shares of NIO by 32.3% during the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock worth $14,756,000 after purchasing an additional 538,907 shares during the period. Institutional investors own 48.55% of the company’s stock.

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.