Mirabella Financial Services LLP Makes New $314,000 Investment in Nio Inc - (NYSE:NIO)

Mirabella Financial Services LLP bought a new stake in shares of Nio Inc - (NYSE:NIO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 72,100 shares of the company's stock, valued at approximately $314,000.

Several other hedge funds have also recently added to or reduced their stakes in NIO. PDS Planning Inc grew its stake in NIO by 13.0% during the fourth quarter. PDS Planning Inc now owns 22,786 shares of the company's stock worth $99,000 after purchasing an additional 2,627 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of NIO by 25.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company's stock worth $59,000 after buying an additional 2,712 shares in the last quarter. Franklin Resources Inc. grew its position in shares of NIO by 20.4% during the 4th quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock worth $72,000 after buying an additional 2,788 shares during the period. Perigon Wealth Management LLC increased its stake in shares of NIO by 24.1% in the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company's stock valued at $61,000 after acquiring an additional 2,867 shares in the last quarter. Finally, BSW Wealth Partners lifted its position in shares of NIO by 21.4% during the 4th quarter. BSW Wealth Partners now owns 20,423 shares of the company's stock valued at $89,000 after acquiring an additional 3,606 shares during the period. Institutional investors own 48.55% of the company's stock.

NIO Stock Up 4.2 %

Shares of NIO stock traded up $0.15 during trading hours on Tuesday, reaching $3.75. The company had a trading volume of 37,831,323 shares, compared to its average volume of 56,080,827. The business has a fifty day simple moving average of $4.15 and a 200-day simple moving average of $4.53. Nio Inc - has a 12 month low of $3.02 and a 12 month high of $7.71. The company has a market cap of $7.83 billion, a price-to-earnings ratio of -2.48 and a beta of 1.74. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. NIO's revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted ($2.81) earnings per share. On average, research analysts expect that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NIO shares. HSBC cut shares of NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Mizuho decreased their target price on NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Hsbc Global Res lowered NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. Cfra Research upgraded NIO to a "hold" rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $5.05.

About NIO

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.