Nio Inc - (NYSE:NIO) Shares Sold by Invesco Ltd.

Invesco Ltd. cut its stake in Nio Inc - (NYSE:NIO - Free Report) by 28.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,308,723 shares of the company's stock after selling 928,939 shares during the quarter. Invesco Ltd. owned about 0.11% of NIO worth $10,066,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of NIO. Arizona PSPRS Trust bought a new stake in shares of NIO during the 4th quarter worth approximately $1,330,000. Trexquant Investment LP bought a new stake in NIO during the 4th quarter valued at $3,305,000. Franklin Resources Inc. lifted its holdings in shares of NIO by 20.4% in the 4th quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock worth $72,000 after buying an additional 2,788 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of NIO by 28.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,104 shares of the company's stock worth $179,000 after buying an additional 9,222 shares in the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of NIO during the fourth quarter valued at $93,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Hsbc Global Res cut shares of NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. HSBC downgraded shares of NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Mizuho reduced their price objective on shares of NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Cfra Research raised NIO to a "hold" rating in a research report on Friday, March 21st. Finally, Citigroup reduced their price target on NIO from $8.90 to $8.10 and set a "buy" rating for the company in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $5.05.

NIO Stock Performance

Shares of NIO stock traded down $0.17 during midday trading on Friday, hitting $4.02. The company had a trading volume of 31,707,129 shares, compared to its average volume of 56,091,651. The company has a fifty day simple moving average of $4.13 and a 200 day simple moving average of $4.50. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of -2.65 and a beta of 1.74. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Nio Inc - has a 12-month low of $3.02 and a 12-month high of $7.71.

NIO (NYSE:NIO - Get Free Report) last released its earnings results on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. NIO's revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company earned ($2.81) earnings per share. As a group, analysts predict that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

About NIO

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.