63,680 Shares in Nikola Co. (NASDAQ:NKLA) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new position in Nikola Co. (NASDAQ:NKLA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 63,680 shares of the company’s stock, valued at approximately $76,000. Wealthfront Advisers LLC owned about 0.10% of Nikola at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in Nikola by 121.0% during the 4th quarter. Van ECK Associates Corp now owns 750,749 shares of the company’s stock worth $893,000 after acquiring an additional 410,974 shares during the period. Geode Capital Management LLC grew its holdings in Nikola by 11.5% during the 3rd quarter. Geode Capital Management LLC now owns 524,731 shares of the company’s stock worth $2,404,000 after acquiring an additional 53,966 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Nikola by 113.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 478,171 shares of the company’s stock worth $569,000 after acquiring an additional 254,044 shares during the period. Tidal Investments LLC grew its holdings in Nikola by 193.3% during the 3rd quarter. Tidal Investments LLC now owns 140,523 shares of the company’s stock worth $644,000 after acquiring an additional 92,612 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Nikola during the 3rd quarter worth $336,000. Institutional investors own 37.38% of the company’s stock.

Nikola Price Performance

NKLA opened at $0.18 on Wednesday. The company has a fifty day moving average price of $0.63 and a two-hundred day moving average price of $2.35. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.94 and a current ratio of 1.17. Nikola Co. has a 52 week low of $0.18 and a 52 week high of $34.50. The firm has a market capitalization of $11.14 million, a PE ratio of -0.01 and a beta of 1.97.

Nikola Company Profile

Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. The company operates in truck and energy units. It commercializes battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) to the trucking sector.