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

Nio Inc – (NYSE:NIO) was the target of some unusual options trading on Wednesday. Stock traders purchased 224,590 call options on the company. This represents an increase of 25% compared to the average daily volume of 178,970 call options.

Hedge Funds Weigh In On NIO

A number of large investors have recently added to or reduced their stakes in NIO. Westwood Holdings Group Inc. lifted its position in shares of NIO by 13.9% in the first quarter. Westwood Holdings Group Inc. now owns 16,649 shares of the company’s stock valued at $75,000 after acquiring an additional 2,038 shares in the last quarter. Ballentine Partners LLC boosted its stake in NIO by 11.5% during the 3rd quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock worth $160,000 after purchasing an additional 2,482 shares during the last quarter. Atomi Financial Group Inc. grew its holdings in shares of NIO by 15.5% during the third quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after buying an additional 2,588 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of NIO by 22.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock valued at $61,000 after buying an additional 2,651 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of NIO by 4.8% in the second quarter. Assenagon Asset Management S.A. now owns 63,093 shares of the company’s stock worth $262,000 after buying an additional 2,915 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NIO shares. Bank of America increased their target price on shares of NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Macquarie cut NIO from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $6.60 to $4.80 in a report on Wednesday. Citigroup dropped their price target on NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. upgraded shares of NIO from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $5.30 to $8.00 in a research report on Friday, September 6th. Finally, Daiwa America upgraded NIO to a “strong-buy” rating in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.91.

NIO Trading Up 1.4 %

NYSE:NIO opened at $4.71 on Friday. NIO has a 12 month low of $3.61 and a 12 month high of $9.57. The company has a market capitalization of $8.10 billion, a P/E ratio of -3.11 and a beta of 1.91. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $5.52 and a 200-day simple moving average of $4.91.

NIO (NYSE:NIO) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, hitting analysts’ consensus estimates of ($2.21). NIO had a negative net margin of 32.47% and a negative return on equity of 104.61%. The business had revenue of $17.45 billion for the quarter, compared to analysts’ expectations of $17.49 billion. During the same quarter last year, the company earned ($0.51) EPS. The business’s revenue was up 98.9% on a year-over-year basis. On average, equities research analysts anticipate that NIO will post -1.38 earnings per share for the current year.

NIO Company Profile

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.