Artisan Partners Limited Partnership Sells 221,272 Shares of Nio Inc - (NYSE:NIO)

Artisan Partners Limited Partnership reduced its holdings in shares of Nio Inc - (NYSE:NIO - Free Report) by 19.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 901,218 shares of the company's stock after selling 221,272 shares during the quarter. Artisan Partners Limited Partnership's holdings in NIO were worth $3,929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. PDS Planning Inc lifted its holdings in shares of NIO by 13.0% during the 4th quarter. PDS Planning Inc now owns 22,786 shares of the company's stock valued at $99,000 after acquiring an additional 2,627 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of NIO by 24.1% during the fourth 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 during the period. BSW Wealth Partners boosted its position in shares of NIO by 21.4% during the fourth quarter. BSW Wealth Partners now owns 20,423 shares of the company's stock worth $89,000 after buying an additional 3,606 shares during the period. Blue Trust Inc. boosted its position in NIO by 138.5% during the 4th 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. Finally, Jones Financial Companies Lllp raised its position in shares of 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 buying an additional 4,332 shares in the last quarter. Institutional investors and hedge funds own 48.55% of the company's stock.

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NIO Stock Up 1.7 %

Shares of NYSE NIO traded up $0.07 during mid-day trading on Monday, reaching $3.82. 64,688,339 shares of the company traded hands, compared to its average volume of 55,885,961. The company's fifty day moving average is $4.43 and its two-hundred day moving average is $4.83. Nio Inc - has a fifty-two week low of $3.58 and a fifty-two week high of $7.71. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The stock has a market cap of $7.96 billion, a PE ratio of -2.53 and a beta of 1.81.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings results on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). The firm had revenue of $2.70 billion during 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%. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($2.81) EPS. On average, analysts expect that Nio Inc - will post -1.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NIO. Hsbc Global Res downgraded shares of NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Citigroup decreased their price target on shares of NIO from $8.90 to $8.10 and set a "buy" rating for the company in a report on Monday, March 24th. Cfra Research upgraded shares of NIO to a "hold" rating in a research report on Friday, March 21st. Finally, Mizuho cut their price objective on NIO from $5.00 to $4.20 and set a "neutral" rating for the company in a report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.