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

Nio Inc - (NYSE:NIO - Get Free Report) was the recipient of unusually large options trading on Monday. Traders purchased 294,778 call options on the stock. This is an increase of approximately 53% compared to the average daily volume of 193,100 call options.

Institutional Trading of NIO

Several hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its holdings in NIO by 12.4% during the 1st quarter. California State Teachers Retirement System now owns 424,836 shares of the company's stock valued at $1,912,000 after buying an additional 46,987 shares during the period. Cetera Advisors LLC grew its position in NIO by 26.2% in the 1st quarter. Cetera Advisors LLC now owns 33,671 shares of the company's stock valued at $152,000 after acquiring an additional 6,981 shares during the last quarter. CWM LLC grew its position in NIO by 16.0% in the 2nd quarter. CWM LLC now owns 24,399 shares of the company's stock valued at $102,000 after acquiring an additional 3,371 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in NIO by 122.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 32,722 shares of the company's stock valued at $136,000 after acquiring an additional 18,039 shares during the last quarter. Finally, 180 Wealth Advisors LLC grew its position in NIO by 11.2% in the 2nd quarter. 180 Wealth Advisors LLC now owns 103,306 shares of the company's stock valued at $430,000 after acquiring an additional 10,413 shares during the last quarter. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Stock Performance

Shares of NYSE:NIO traded up $0.57 during mid-day trading on Monday, reaching $5.18. 121,861,656 shares of the company traded hands, compared to its average volume of 57,108,219. The company's 50 day moving average price is $5.25 and its 200-day moving average price is $4.84. The firm has a market cap of $8.90 billion, a PE ratio of -3.43 and a beta of 1.77. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. NIO has a 52 week low of $3.61 and a 52 week high of $9.57.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, hitting analysts' consensus estimates of ($2.21). The company had revenue of $17.45 billion for the quarter, compared to analysts' expectations of $17.49 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm's revenue was up 98.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.51) EPS. On average, equities analysts expect that NIO will post -1.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lowered 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 research report on Monday, November 25th. JPMorgan Chase & Co. raised NIO from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $5.30 to $8.00 in a research report on Friday, September 6th. Citigroup decreased their target price on NIO from $8.50 to $7.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th. Macquarie lowered NIO from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $6.60 to $4.80 in a research report on Wednesday, November 20th. Finally, Wolfe Research began coverage on NIO in a research note on Thursday, September 5th. They set a "peer perform" rating for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $5.71.

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.