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

Nio Inc – (NYSE:NIO) was the target of unusually large options trading on Thursday. Traders acquired 331,443 call options on the stock. This represents an increase of 66% compared to the average daily volume of 199,915 call options.

Institutional Trading of NIO

A number of large investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its stake in NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after acquiring an additional 3,607 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after purchasing an additional 4,332 shares in the last quarter. Callan Family Office LLC bought a new stake in shares of NIO in the 4th quarter valued at about $44,000. Sava Infond d.o.o. purchased a new stake in shares of NIO in the 4th quarter worth approximately $44,000. Finally, Trilogy Capital Inc. bought a new position in shares of NIO during the fourth quarter valued at approximately $45,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Price Performance

NIO stock opened at $3.99 on Friday. NIO has a 12-month low of $3.61 and a 12-month high of $7.71. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average price of $4.44 and a 200-day moving average price of $4.85. The firm has a market capitalization of $8.32 billion, a PE ratio of -2.64 and a beta of 1.81.

NIO (NYSE:NIO) last announced its earnings results on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $20.19 billion. During the same quarter last year, the firm earned ($2.81) EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts forecast that NIO will post -1.43 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on NIO. JPMorgan Chase & Co. cut shares of NIO from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. Mizuho dropped their price target on NIO from $5.00 to $4.20 and set a “neutral” rating for the company in a research note on Monday. Cfra Research raised NIO to a “hold” rating in a research note on Friday, March 21st. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Citigroup reduced their price target on shares of NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.00.

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.