NIO Target of Unusually Large Options Trading (NYSE:NIO)

Nio Inc – (NYSE:NIO) saw unusually large options trading activity on Friday. Traders bought 184,010 call options on the stock. This represents an increase of approximately 40% compared to the average daily volume of 131,662 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NIO. Hsbc Holdings PLC grew its stake in shares of NIO by 238.6% in the 4th quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock valued at $64,070,000 after purchasing an additional 4,976,403 shares during the last quarter. Point72 Asset Management L.P. grew its position in NIO by 164.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 6,464,246 shares of the company’s stock valued at $26,891,000 after buying an additional 4,018,659 shares during the last quarter. Electron Capital Partners LLC increased its stake in NIO by 5.6% in the 4th quarter. Electron Capital Partners LLC now owns 4,429,960 shares of the company’s stock valued at $40,180,000 after buying an additional 235,521 shares during the period. CANADA LIFE ASSURANCE Co raised its position in NIO by 28.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 2,431,771 shares of the company’s stock worth $10,950,000 after buying an additional 535,400 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of NIO by 23.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,317,758 shares of the company’s stock worth $10,430,000 after acquiring an additional 439,474 shares during the period. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Stock Down 2.2 %

Shares of NYSE NIO opened at $5.28 on Friday. The stock has a market cap of $9.08 billion, a PE ratio of -3.12 and a beta of 1.82. NIO has a 52-week low of $3.61 and a 52-week high of $9.57. The business has a 50-day moving average price of $4.42 and a 200 day moving average price of $4.69. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.71.

NIO (NYSE:NIO) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, meeting the consensus estimate of ($2.21). The business had revenue of $17.45 billion during the quarter, compared to the consensus estimate of $17.49 billion. NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The company’s revenue was up 98.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.51) earnings per share. Equities research analysts forecast that NIO will post -1.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NIO shares. Bank of America raised their price objective on shares of NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a report on Thursday, September 5th. Wolfe Research initiated coverage on NIO in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Citigroup lowered their price objective on NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. raised NIO from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $5.30 to $8.00 in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.93.

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.