Geode Capital Management LLC Buys 75,107 Shares of Nikola Co. (NASDAQ:NKLA)

Geode Capital Management LLC increased its stake in Nikola Co. (NASDAQ:NKLA) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599,838 shares of the company’s stock after buying an additional 75,107 shares during the period. Geode Capital Management LLC owned 0.99% of Nikola worth $714,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of Nikola by 121.1% during the 3rd quarter. Barclays PLC now owns 9,475 shares of the company’s stock worth $43,000 after acquiring an additional 5,190 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Nikola during the fourth quarter valued at approximately $43,000. Wealthfront Advisers LLC purchased a new stake in Nikola in the fourth quarter worth $76,000. Charles Schwab Investment Management Inc. raised its holdings in Nikola by 113.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 478,171 shares of the company’s stock worth $569,000 after purchasing an additional 254,044 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in Nikola by 193.3% during the third quarter. Tidal Investments LLC now owns 140,523 shares of the company’s stock valued at $644,000 after buying an additional 92,612 shares during the period. 37.38% of the stock is owned by institutional investors.

Nikola Stock Down 28.7 %

NASDAQ:NKLA opened at $0.18 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.17 and a quick ratio of 0.94. The firm’s 50-day moving average price is $0.18 and its 200-day moving average price is $1.27. The company has a market capitalization of $11.14 million, a PE ratio of -0.01 and a beta of 1.97. Nikola Co. has a 1-year low of $0.18 and a 1-year high of $20.39.

Nikola 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.