Nio Inc - (NYSE:NIO) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lowered its stake in shares of Nio Inc - (NYSE:NIO - Free Report) by 63.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 800,614 shares of the company's stock after selling 1,365,957 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in NIO were worth $3,488,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bridgewater Associates LP increased its position in NIO by 28.6% during the 4th quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company's stock valued at $5,170,000 after purchasing an additional 263,338 shares during the period. Guggenheim Capital LLC boosted its position in NIO by 19.7% during the 4th quarter. Guggenheim Capital LLC now owns 38,888 shares of the company's stock valued at $170,000 after acquiring an additional 6,395 shares in the last quarter. LaSalle St. Investment Advisors LLC bought a new position in shares of NIO in the 4th quarter worth $119,000. Raymond James Financial Inc. purchased a new stake in shares of NIO during the 4th quarter worth $1,776,000. Finally, Krane Funds Advisors LLC boosted its position in NIO by 39.4% during the fourth quarter. Krane Funds Advisors LLC now owns 662,100 shares of the company's stock valued at $2,887,000 after purchasing an additional 187,260 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors.

NIO Stock Down 1.0 %

NYSE:NIO traded down $0.05 during midday trading on Tuesday, hitting $4.27. 17,103,606 shares of the company were exchanged, compared to its average volume of 56,091,642. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. Nio Inc - has a fifty-two week low of $3.02 and a fifty-two week high of $7.71. The company has a market capitalization of $8.90 billion, a PE ratio of -2.82 and a beta of 1.74. The company has a fifty day simple moving average of $4.12 and a 200 day simple moving average of $4.45.

NIO (NYSE:NIO - Get Free Report) last announced its earnings results 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). The business had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The business'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. As a group, equities analysts anticipate that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NIO shares. Hsbc Global Res cut shares of 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 research note on Friday, March 21st. HSBC lowered shares of NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Citigroup reissued a "buy" rating on shares of NIO in a research report on Monday. Finally, Mizuho decreased their price target on shares of NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NIO presently has a consensus rating of "Hold" and an average target price of $5.05.

NIO Company 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.