AI Squared Management Ltd Purchases New Stake in Nio Inc - (NYSE:NIO)

AI Squared Management Ltd acquired a new position in shares of Nio Inc - (NYSE:NIO - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 342,000 shares of the company's stock, valued at approximately $1,491,000. NIO makes up about 1.5% of AI Squared Management Ltd's portfolio, making the stock its 20th biggest holding.

A number of other hedge funds have also made changes to their positions in the business. PDS Planning Inc boosted its holdings in NIO by 13.0% in the fourth quarter. PDS Planning Inc now owns 22,786 shares of the company's stock valued at $99,000 after purchasing an additional 2,627 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of NIO by 24.1% during the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company's stock worth $61,000 after buying an additional 2,867 shares during the last quarter. BSW Wealth Partners boosted its holdings in shares of NIO by 21.4% in the 4th quarter. BSW Wealth Partners now owns 20,423 shares of the company's stock valued at $89,000 after buying an additional 3,606 shares in the last quarter. Blue Trust Inc. grew its position in shares of NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock valued at $27,000 after buying an additional 3,607 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in NIO by 131.8% during the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock worth $33,000 after acquiring an additional 4,332 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company's stock.

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NIO Stock Performance

Shares of NYSE:NIO traded down $0.24 during trading on Friday, reaching $3.75. The company had a trading volume of 78,763,607 shares, compared to its average volume of 55,850,685. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The stock's fifty day moving average price is $4.43 and its 200 day moving average price is $4.84. Nio Inc - has a fifty-two week low of $3.61 and a fifty-two week high of $7.71. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of -2.48 and a beta of 1.81.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $20.19 billion. During the same period in the prior year, the firm posted ($2.81) earnings per share. The business's quarterly revenue was up 15.2% compared to the same quarter last year. As a group, equities research analysts predict that Nio Inc - will post -1.43 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. HSBC downgraded shares of NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Citigroup decreased their price objective on NIO from $8.90 to $8.10 and set a "buy" rating for the company in a report on Monday. Finally, Mizuho cut their target price on shares of NIO from $5.00 to $4.20 and set a "neutral" rating on the stock in a report on Monday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NIO currently has an average rating of "Hold" and a consensus price target of $5.00.

NIO 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.