Traders Purchase Large Volume of NIO Call Options (NYSE:NIO)

Nio Inc - (NYSE:NIO - Get Free Report) was the target of some unusual options trading activity on Friday. Stock investors acquired 258,933 call options on the stock. This is an increase of approximately 57% compared to the average volume of 164,421 call options.

Analyst Ratings Changes

Several brokerages have recently weighed in on NIO. HSBC downgraded shares of NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded shares of NIO from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. The Goldman Sachs Group downgraded shares of 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 report on Monday, November 25th. Hsbc Global Res downgraded shares of NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, Macquarie downgraded shares of NIO from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, NIO has a consensus rating of "Hold" and a consensus price target of $5.38.

Hedge Funds Weigh In On NIO

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. grew its holdings in NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock valued at $27,000 after purchasing an additional 3,607 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in NIO in the third quarter valued at approximately $32,000. Jones Financial Companies Lllp grew its holdings in NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock valued at $33,000 after purchasing an additional 4,332 shares during the period. Callan Family Office LLC purchased a new stake in NIO in the fourth quarter valued at approximately $44,000. Finally, Sava Infond d.o.o. purchased a new stake in NIO in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 48.55% of the company's stock.

NIO Price Performance

NIO traded down $0.08 during midday trading on Monday, reaching $4.37. 37,159,305 shares of the company's stock were exchanged, compared to its average volume of 46,346,871. The business's 50-day moving average price is $4.35 and its 200 day moving average price is $4.77. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The stock has a market capitalization of $9.11 billion, a PE ratio of -2.89 and a beta of 1.69. NIO has a 1-year low of $3.61 and a 1-year high of $7.71.

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.