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

Nio Inc – (NYSE:NIO) was the target of unusually large options trading on Wednesday. Traders acquired 224,590 call options on the company. This is an increase of 25% compared to the typical daily volume of 178,970 call options.

Hedge Funds Weigh In On NIO

A number of institutional investors have recently added to or reduced their stakes in NIO. Toronto Dominion Bank increased its stake in NIO by 1,652,962.5% in the third quarter. Toronto Dominion Bank now owns 132,245 shares of the company’s stock valued at $883,000 after acquiring an additional 132,237 shares during the last quarter. Main Management ETF Advisors LLC purchased a new stake in shares of NIO during the third quarter valued at approximately $1,327,000. XTX Topco Ltd purchased a new position in shares of NIO in the third quarter worth $1,178,000. Quadrature Capital Ltd raised its holdings in NIO by 32.3% during the 3rd quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock valued at $14,756,000 after buying an additional 538,907 shares during the last quarter. Finally, Hilltop Holdings Inc. purchased a new stake in NIO during the 3rd quarter valued at $130,000. 48.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on NIO shares. Citigroup decreased their price target on shares of NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Bank of America upped 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 downgraded NIO from an “outperform” rating to a “neutral” rating and cut their price target for the company from $6.60 to $4.80 in a research note on Wednesday. JPMorgan Chase & Co. raised NIO from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $5.30 to $8.00 in a research note on Friday, September 6th. Finally, Wolfe Research started coverage on NIO in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.91.

NIO Stock Performance

Shares of NIO stock traded up $0.05 on Wednesday, hitting $4.68. 78,002,977 shares of the stock were exchanged, compared to its average volume of 56,788,387. NIO has a one year low of $3.61 and a one year high of $9.57. The firm’s 50 day moving average is $5.53 and its two-hundred day moving average is $4.91. The firm has a market capitalization of $8.05 billion, a PE ratio of -3.12 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.

NIO (NYSE:NIO) last posted its earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, hitting the consensus estimate of ($2.21). The firm had revenue of $17.45 billion during the quarter, compared to the consensus estimate of $17.49 billion. NIO had a negative net margin of 32.47% and a negative return on equity of 104.61%. The company’s revenue was up 98.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.51) earnings per share. Sell-side analysts expect that NIO will post -1.37 earnings per share for the current fiscal 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.