Canada Pension Plan Investment Board cut its holdings in shares of Nio Inc - (NYSE:NIO - Free Report) by 93.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,200 shares of the company's stock after selling 2,895,688 shares during the quarter. Canada Pension Plan Investment Board's holdings in NIO were worth $834,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Sanctuary Advisors LLC boosted its position in NIO by 63.1% during the third quarter. Sanctuary Advisors LLC now owns 82,859 shares of the company's stock valued at $553,000 after purchasing an additional 32,069 shares during the last quarter. Tidal Investments LLC grew its stake in shares of NIO by 2.4% in the third quarter. Tidal Investments LLC now owns 280,140 shares of the company's stock valued at $1,871,000 after buying an additional 6,545 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in NIO during the third quarter worth $374,000. Principal Financial Group Inc. raised its position in NIO by 140.2% during the third quarter. Principal Financial Group Inc. now owns 75,100 shares of the company's stock worth $502,000 after acquiring an additional 43,839 shares in the last quarter. Finally, FNY Investment Advisers LLC grew its position in shares of NIO by 352.6% in the 4th quarter. FNY Investment Advisers LLC now owns 145,430 shares of the company's stock valued at $634,000 after acquiring an additional 113,296 shares during the period. 48.55% of the stock is currently owned by institutional investors and hedge funds.
NIO Stock Performance
Shares of NYSE NIO opened at $4.17 on Friday. Nio Inc - has a one year low of $3.02 and a one year high of $7.71. 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 firm has a market cap of $8.70 billion, a price-to-earnings ratio of -2.76 and a beta of 1.74. The stock's fifty day moving average price is $4.13 and its two-hundred day moving average price is $4.50.
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 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 business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $20.19 billion. During the same quarter last year, the company posted ($2.81) earnings per share. The company's revenue was up 15.2% on a year-over-year basis. On average, equities analysts forecast that Nio Inc - will post -1.43 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Cfra Research raised shares of NIO to a "hold" rating in a report on Friday, March 21st. JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Mizuho decreased their target price on NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Finally, HSBC cut shares of NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.05.
Get Our Latest Report on NIO
NIO Company Profile
(
Free Report)
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.
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