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

NIO logo with Auto/Tires/Trucks background

NIO Inc. (NYSE:NIO - Get Free Report) was the target of unusually large options trading activity on Thursday. Stock traders acquired 303,442 call options on the company. This is an increase of 90% compared to the typical daily volume of 159,610 call options.

Institutional Trading of NIO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NIO. SeaCrest Wealth Management LLC acquired a new position in shares of NIO in the second quarter worth $56,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of NIO in the second quarter worth $12,315,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of NIO by 3,966.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company's stock worth $20,255,000 after acquiring an additional 5,185,565 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of NIO by 39.1% in the first quarter. Advisors Asset Management Inc. now owns 123,467 shares of the company's stock worth $470,000 after acquiring an additional 34,678 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its stake in shares of NIO by 38.9% in the first quarter. Rafferty Asset Management LLC now owns 50,109 shares of the company's stock worth $191,000 after acquiring an additional 14,028 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company's stock.

NIO Trading Up 6.0%

NYSE NIO traded up $0.22 on Friday, reaching $3.91. The stock had a trading volume of 140,894,989 shares, compared to its average volume of 52,720,623. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of -2.41 and a beta of 1.55. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 1.89. NIO has a 12-month low of $3.02 and a 12-month high of $7.71. The stock has a fifty day moving average price of $3.69 and a two-hundred day moving average price of $4.03.

NIO (NYSE:NIO - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.23). The firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $12.46 billion. NIO had a negative net margin of 35.51% and a negative return on equity of 286.45%. The firm's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($2.39) EPS. As a group, sell-side analysts forecast that NIO will post -1.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NIO shares. The Goldman Sachs Group raised shares of NIO from a "sell" rating to a "neutral" rating and raised their target price for the stock from $3.70 to $3.80 in a research note on Tuesday, June 17th. Mizuho reduced their price target on shares of NIO from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Citigroup reaffirmed a "buy" rating on shares of NIO in a research report on Monday, April 28th. Barclays reduced their price target on shares of NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 4th. Finally, Cfra Research raised shares of NIO to a "hold" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $4.74.

Read Our Latest Report on NIO

NIO Company Profile

(Get Free Report)

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.

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