Nio Inc - (NYSE:NIO) Shares Bought by SIH Partners LLLP

SIH Partners LLLP lifted its position in shares of Nio Inc - (NYSE:NIO - Free Report) by 23.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 933,700 shares of the company's stock after buying an additional 175,000 shares during the period. NIO accounts for approximately 0.2% of SIH Partners LLLP's portfolio, making the stock its 28th largest holding. SIH Partners LLLP's holdings in NIO were worth $4,071,000 at the end of the most recent quarter.

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

NIO Trading Up 2.3 %

NYSE:NIO opened at $3.60 on Tuesday. Nio Inc - has a one year low of $3.02 and a one year high of $7.71. The business's 50-day simple moving average is $4.16 and its 200 day simple moving average is $4.53. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of -2.38 and a beta of 1.74.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings results 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 company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same period in the previous year, the business posted ($2.81) EPS. The firm's quarterly revenue was up 15.2% compared to the same quarter last year. As a group, sell-side analysts predict that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on NIO shares. Hsbc Global Res lowered NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. HSBC downgraded shares of NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Cfra Research raised shares of NIO to a "hold" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. cut shares of NIO from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Finally, Citigroup cut their price objective on NIO from $8.90 to $8.10 and set a "buy" rating on the stock 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, NIO currently has a consensus rating of "Hold" and a consensus 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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