Banque Cantonale Vaudoise Has $2.43 Million Stock Holdings in Nio Inc - (NYSE:NIO)

Banque Cantonale Vaudoise increased its position in Nio Inc - (NYSE:NIO - Free Report) by 112.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 363,885 shares of the company's stock after purchasing an additional 192,394 shares during the quarter. Banque Cantonale Vaudoise's holdings in NIO were worth $2,430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NIO. Ridgewood Investments LLC bought a new position in shares of NIO in the second quarter valued at about $25,000. Allspring Global Investments Holdings LLC bought a new position in shares of NIO in the third quarter valued at about $32,000. Baader Bank Aktiengesellschaft bought a new position in shares of NIO in the second quarter valued at about $53,000. Harel Insurance Investments & Financial Services Ltd. increased its position in NIO by 22.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company's stock worth $61,000 after purchasing an additional 2,651 shares during the period. Finally, Caprock Group LLC acquired a new stake in NIO in the second quarter worth about $63,000. 48.55% of the stock is owned by institutional investors.

NIO Stock Up 0.4 %

NYSE NIO traded up $0.02 during trading on Wednesday, hitting $4.65. The stock had a trading volume of 91,988,273 shares, compared to its average volume of 56,854,855. Nio Inc - has a 12 month low of $3.61 and a 12 month high of $9.57. The company has a market capitalization of $7.99 billion, a PE ratio of -3.06 and a beta of 1.91. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.11. The company's 50-day moving average price is $5.52 and its two-hundred day moving average price is $4.91.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($2.21). NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The company had revenue of $17.45 billion for the quarter, compared to analysts' expectations of $17.49 billion. During the same quarter in the prior year, the business posted ($0.51) EPS. The business's revenue was up 98.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Nio Inc - will post -1.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Bank of America lifted their price objective on NIO from $5.00 to $5.30 and gave the stock a "neutral" rating in a research report on Thursday, September 5th. Citigroup lowered their price objective on NIO from $8.50 to $7.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. upgraded NIO from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $5.30 to $8.00 in a research report on Friday, September 6th. Macquarie lowered NIO from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $6.60 to $4.80 in a research report on Wednesday. Finally, Daiwa America upgraded NIO to a "strong-buy" rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $5.91.

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.