Arizona PSPRS Trust Invests $1.33 Million in Nio Inc - (NYSE:NIO)

Arizona PSPRS Trust bought a new position in Nio Inc - (NYSE:NIO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 305,000 shares of the company's stock, valued at approximately $1,330,000. NIO makes up approximately 0.0% of Arizona PSPRS Trust's investment portfolio, making the stock its 14th largest holding.

Several other hedge funds have also recently modified their holdings of the business. Trexquant Investment LP purchased a new stake in shares of NIO during the 4th quarter valued at about $3,305,000. Franklin Resources Inc. lifted its position in NIO by 20.4% during the fourth quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock valued at $72,000 after purchasing an additional 2,788 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in NIO by 28.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,104 shares of the company's stock worth $179,000 after purchasing an additional 9,222 shares during the last quarter. Orion Portfolio Solutions LLC bought a new stake in NIO in the 4th quarter worth approximately $93,000. Finally, Sava Infond d.o.o. purchased a new stake in NIO during the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 48.55% of the company's stock.

NIO Price Performance

Shares of NYSE:NIO traded down $0.19 during trading on Monday, hitting $3.28. 61,933,555 shares of the company's stock were exchanged, compared to its average volume of 56,107,863. The business's 50-day simple moving average is $4.38 and its 200 day simple moving average is $4.77. 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 Inc - has a 52-week low of $3.12 and a 52-week high of $7.71. The company has a market cap of $6.84 billion, a price-to-earnings ratio of -2.16 and a beta of 1.74.

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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 analysts' consensus estimates 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 company had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $20.19 billion. During the same period last year, the business earned ($2.81) earnings per share. The company's quarterly revenue was up 15.2% compared to the same quarter last year. As a group, equities analysts predict that Nio Inc - will post -1.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Cfra Research upgraded NIO to a "hold" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. cut shares of NIO from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. Citigroup cut their target price on shares of NIO from $8.90 to $8.10 and set a "buy" rating for the company in a research report on Monday, March 24th. Finally, Hsbc Global Res downgraded shares of NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $5.17.

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.