Nio Inc - (NYSE:NIO) Stock Position Lifted by Krane Funds Advisors LLC

Krane Funds Advisors LLC increased its holdings in Nio Inc - (NYSE:NIO - Free Report) by 39.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 662,100 shares of the company's stock after buying an additional 187,260 shares during the quarter. NIO comprises 0.1% of Krane Funds Advisors LLC's portfolio, making the stock its 17th largest holding. Krane Funds Advisors LLC's holdings in NIO were worth $2,887,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NIO. PDS Planning Inc increased its stake in shares of NIO by 13.0% during the fourth quarter. PDS Planning Inc now owns 22,786 shares of the company's stock valued at $99,000 after acquiring an additional 2,627 shares during the period. Franklin Resources Inc. boosted its stake in NIO by 20.4% during the 4th quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock valued at $72,000 after purchasing an additional 2,788 shares in the last quarter. Perigon Wealth Management LLC increased its position in shares of NIO by 24.1% during the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company's stock valued at $61,000 after purchasing an additional 2,867 shares during the period. BSW Wealth Partners raised its stake in shares of NIO by 21.4% in the 4th quarter. BSW Wealth Partners now owns 20,423 shares of the company's stock worth $89,000 after buying an additional 3,606 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock valued at $27,000 after buying an additional 3,607 shares during the period. 48.55% of the stock is currently owned by institutional investors and hedge funds.

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NIO Trading Up 4.4 %

Shares of NIO stock traded up $0.15 during trading hours on Friday, reaching $3.43. 37,498,875 shares of the stock traded hands, compared to its average volume of 56,373,902. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $7.15 billion, a PE ratio of -2.27 and a beta of 1.74. Nio Inc - has a 1-year low of $3.02 and a 1-year high of $7.71. The business has a fifty day moving average price of $4.25 and a 200 day moving average price of $4.69.

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 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 business had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $20.19 billion. During the same quarter in the previous year, the company earned ($2.81) EPS. NIO's revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities research analysts forecast that Nio Inc - will post -1.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Mizuho lowered their target price on NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a report on Thursday. JPMorgan Chase & Co. cut shares of NIO from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. HSBC lowered shares of NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Cfra Research upgraded shares of NIO to a "hold" rating in a research report on Friday, March 21st. Finally, Citigroup cut their price objective 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 equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $5.05.

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.