Fmr LLC Increases Holdings in Nio Inc - (NYSE:NIO)

FMR LLC lifted its position in shares of Nio Inc - (NYSE:NIO - Free Report) by 5,388.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,394,895 shares of the company's stock after acquiring an additional 5,296,601 shares during the quarter. FMR LLC owned approximately 0.31% of NIO worth $36,038,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. grew its stake in shares of NIO by 164.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 6,464,246 shares of the company's stock worth $26,891,000 after acquiring an additional 4,018,659 shares during the period. Krane Funds Advisors LLC grew its stake in shares of NIO by 31.7% during the 2nd quarter. Krane Funds Advisors LLC now owns 1,538,781 shares of the company's stock worth $6,401,000 after acquiring an additional 370,556 shares during the period. Bank of New York Mellon Corp grew its stake in shares of NIO by 32.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,416,709 shares of the company's stock worth $5,894,000 after acquiring an additional 343,910 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of NIO by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,303,549 shares of the company's stock worth $5,742,000 after acquiring an additional 3,548 shares during the period. Finally, E Fund Management Co. Ltd. grew its stake in shares of NIO by 2.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 1,089,571 shares of the company's stock worth $4,533,000 after acquiring an additional 26,253 shares during the period. Institutional investors own 48.55% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NIO shares. Daiwa America upgraded NIO to a "strong-buy" rating in a research note on Monday, September 30th. Citigroup dropped their price objective on NIO from $8.50 to $7.00 and set a "buy" rating on the stock in a report on Wednesday, September 4th. JPMorgan Chase & Co. raised NIO from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $5.30 to $8.00 in a report on Friday, September 6th. Wolfe Research initiated coverage on NIO in a report on Thursday, September 5th. They set a "peer perform" rating on the stock. Finally, The Goldman Sachs Group cut NIO from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $4.80 to $3.90 in a report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, NIO presently has a consensus rating of "Hold" and a consensus price target of $5.71.

NIO Price Performance

Shares of NYSE:NIO traded up $0.57 on Monday, hitting $5.18. The company's stock had a trading volume of 121,861,656 shares, compared to its average volume of 57,108,219. The company has a 50-day simple moving average of $5.28 and a 200 day simple moving average of $4.84. Nio Inc - has a 1 year low of $3.61 and a 1 year high of $9.57. The company has a market capitalization of $8.90 billion, a PE ratio of -3.43 and a beta of 1.77. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, meeting the consensus estimate of ($2.21). The firm had revenue of $17.45 billion for 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 company's revenue was up 98.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.51) EPS. Sell-side analysts forecast that Nio Inc - will post -1.41 EPS 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.