Edmond DE Rothschild Holding S.A. Lowers Holdings in Nio Inc - (NYSE:NIO)

Edmond DE Rothschild Holding S.A. trimmed its holdings in Nio Inc - (NYSE:NIO - Free Report) by 43.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,330 shares of the company's stock after selling 179,000 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in NIO were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. FMR LLC lifted its stake in shares of NIO by 5,388.5% in the third quarter. FMR LLC now owns 5,394,895 shares of the company's stock worth $36,038,000 after buying an additional 5,296,601 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of NIO in the third quarter worth $141,000. Garden State Investment Advisory Services LLC purchased a new position in shares of NIO in the third quarter worth $377,000. Hilltop Holdings Inc. purchased a new stake in shares of NIO during the third quarter valued at $130,000. Finally, Quadrature Capital Ltd boosted its position in shares of NIO by 32.3% during the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company's stock valued at $14,756,000 after buying an additional 538,907 shares during the last quarter. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Stock Performance

NYSE NIO traded down $0.06 on Thursday, hitting $3.75. 36,252,699 shares of the company traded hands, compared to its average volume of 55,839,821. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The business's 50 day moving average price is $4.40 and its 200-day moving average price is $4.80. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of -2.48 and a beta of 1.81. Nio Inc - has a 52-week low of $3.57 and a 52-week high of $7.71.

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NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings data 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). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. During the same quarter last year, the firm posted ($2.81) earnings per share. The company's revenue was up 15.2% compared to the same quarter last year. Equities analysts expect that Nio Inc - will post -1.43 earnings per share for the current year.

Analysts Set New Price Targets

NIO has been the topic of several research analyst reports. Citigroup lowered their target price on shares of NIO from $8.90 to $8.10 and set a "buy" rating on the stock in a research note on Monday, March 24th. HSBC cut shares of NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Hsbc Global Res lowered shares of NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Cfra Research raised NIO to a "hold" rating in a 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. One equities research analyst has 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's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $5.17.

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.