Marshall Wace LLP Lowers Stake in Nio Inc - (NYSE:NIO)

Marshall Wace LLP cut its position in Nio Inc - (NYSE:NIO - Free Report) by 98.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,408,437 shares of the company's stock after selling 83,185,571 shares during the period. Marshall Wace LLP owned about 0.07% of NIO worth $6,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in NIO in the 4th quarter worth approximately $1,360,000. AlphaStar Capital Management LLC purchased a new position in shares of NIO in the fourth quarter worth $537,000. Arizona PSPRS Trust bought a new position in shares of NIO during the fourth quarter worth $1,330,000. Principal Financial Group Inc. grew its stake in NIO by 140.2% during the third quarter. Principal Financial Group Inc. now owns 75,100 shares of the company's stock valued at $502,000 after acquiring an additional 43,839 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in NIO in the 4th quarter valued at $1,776,000. 48.55% of the stock is currently owned by institutional investors.

NIO Trading Up 4.8 %

Shares of NIO opened at $3.93 on Thursday. The company's fifty day simple moving average is $4.14 and its 200-day simple moving average is $4.52. The company has a market cap of $8.20 billion, a P/E ratio of -2.60 and a beta of 1.74. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. Nio Inc - has a twelve month low of $3.02 and a twelve month high of $7.71.

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

Analyst Ratings Changes

Several research analysts have commented on NIO shares. JPMorgan Chase & Co. downgraded shares of NIO from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Hsbc Global Res lowered NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Mizuho reduced their price objective on NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, Cfra Research upgraded shares of NIO to a "hold" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $5.05.

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.

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