NIO Sees Unusually High Options Volume (NYSE:NIO)

Nio Inc – (NYSE:NIO) saw some unusual options trading on Friday. Investors purchased 258,933 call options on the stock. This is an increase of approximately 57% compared to the typical daily volume of 164,421 call options.

Analysts Set New Price Targets

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

Institutional Trading of NIO

Several institutional investors and hedge funds have recently bought and sold shares of NIO. Ballentine Partners LLC raised its position in shares of NIO by 11.5% in the third quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock worth $160,000 after buying an additional 2,482 shares in the last quarter. PDS Planning Inc boosted its position in shares of NIO by 13.0% during the 4th quarter. PDS Planning Inc now owns 22,786 shares of the company’s stock valued at $99,000 after acquiring an additional 2,627 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of NIO by 25.3% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company’s stock worth $59,000 after purchasing an additional 2,712 shares in the last quarter. Franklin Resources Inc. increased its position in shares of NIO by 20.4% in the fourth quarter. Franklin Resources Inc. now owns 16,486 shares of the company’s stock worth $72,000 after purchasing an additional 2,788 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its stake in NIO by 24.1% in the fourth quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock valued at $61,000 after purchasing an additional 2,867 shares in the last quarter. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Price Performance

Shares of NIO stock traded up $0.08 on Friday, reaching $4.45. The stock had a trading volume of 100,669,094 shares, compared to its average volume of 46,601,984. The business’s 50 day moving average is $4.35 and its two-hundred day moving average is $4.75. The company has a market cap of $9.28 billion, a P/E 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. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

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.