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

Nio Inc - (NYSE:NIO - Get Free Report) was the target of some unusual options trading activity on Monday. Traders bought 256,265 call options on the stock. This represents an increase of 43% compared to the typical daily volume of 178,787 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. PDS Planning Inc boosted its stake in NIO by 13.0% in the 4th quarter. PDS Planning Inc now owns 22,786 shares of the company's stock valued at $99,000 after buying an additional 2,627 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in 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 acquiring an additional 2,712 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of NIO by 20.4% during the fourth quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock valued at $72,000 after acquiring an additional 2,788 shares during the period. Perigon Wealth Management LLC boosted its stake in shares of NIO by 24.1% in the 4th 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. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of NIO by 17.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company's stock worth $94,000 after purchasing an additional 3,152 shares during the last quarter. Institutional investors and hedge funds own 48.55% of the company's stock.

NIO Stock Performance

Shares of NYSE:NIO traded down $0.36 during trading on Thursday, reaching $4.75. The stock had a trading volume of 56,771,791 shares, compared to its average volume of 54,945,196. The stock has a fifty day simple moving average of $4.37 and a two-hundred day simple moving average of $4.82. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. NIO has a 52 week low of $3.61 and a 52 week high of $7.71. The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of -3.14 and a beta of 1.81.

Wall Street Analyst Weigh In

NIO has been the subject of several recent research reports. Hsbc Global Res lowered NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. HSBC lowered NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Macquarie downgraded NIO from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. Finally, The Goldman Sachs Group cut shares of NIO from a "neutral" rating to a "sell" rating and reduced their target price for the company from $4.80 to $3.90 in a research note on Monday, November 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $5.30.

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.