Centiva Capital LP Has $1.03 Million Holdings in Nio Inc - (NYSE:NIO)

Centiva Capital LP decreased its position in Nio Inc - (NYSE:NIO - Free Report) by 49.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,491 shares of the company's stock after selling 148,077 shares during the quarter. Centiva Capital LP's holdings in NIO were worth $1,025,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NIO. California State Teachers Retirement System boosted its position in shares of NIO by 12.4% during the 1st quarter. California State Teachers Retirement System now owns 424,836 shares of the company's stock valued at $1,912,000 after purchasing an additional 46,987 shares in the last quarter. Cetera Advisors LLC grew its position in NIO by 26.2% in the first quarter. Cetera Advisors LLC now owns 33,671 shares of the company's stock worth $152,000 after buying an additional 6,981 shares during the last quarter. CWM LLC increased its holdings in shares of NIO by 16.0% in the second quarter. CWM LLC now owns 24,399 shares of the company's stock valued at $102,000 after buying an additional 3,371 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of NIO by 122.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 32,722 shares of the company's stock valued at $136,000 after acquiring an additional 18,039 shares during the last quarter. Finally, 180 Wealth Advisors LLC boosted its stake in shares of NIO by 11.2% during the 2nd quarter. 180 Wealth Advisors LLC now owns 103,306 shares of the company's stock worth $430,000 after acquiring an additional 10,413 shares in the last quarter. Institutional investors own 48.55% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NIO. Macquarie downgraded NIO from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. Citigroup decreased their target price on shares of NIO from $8.50 to $7.00 and set a "buy" rating for the company in a report on Wednesday, September 4th. Wolfe Research started coverage on shares of NIO in a report on Thursday, September 5th. They set a "peer perform" rating on the stock. Daiwa America raised shares of NIO to a "strong-buy" rating in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. raised shares of NIO from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $5.30 to $8.00 in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $5.71.

NIO Stock Up 0.1 %

Shares of NYSE:NIO traded up $0.01 during midday trading on Friday, hitting $4.62. 43,756,184 shares of the stock were exchanged, compared to its average volume of 56,828,754. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Nio Inc - has a 52-week low of $3.61 and a 52-week high of $9.57. The business's fifty day simple moving average is $5.32 and its two-hundred day simple moving average is $4.85. The company has a market capitalization of $7.93 billion, a PE ratio of -3.09 and a beta of 1.77.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, hitting analysts' consensus estimates of ($2.21). The company had revenue of $17.45 billion during the quarter, compared to analysts' expectations of $17.49 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The business's quarterly revenue was up 98.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.51) earnings per share. As a group, research analysts predict that Nio Inc - will post -1.39 earnings per share for the current fiscal year.

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.