Electron Capital Partners LLC Increases Position in Nio Inc - (NYSE:NIO)

Electron Capital Partners LLC grew its stake in shares of Nio Inc - (NYSE:NIO - Free Report) by 5.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,429,960 shares of the company's stock after acquiring an additional 235,521 shares during the period. NIO comprises 1.7% of Electron Capital Partners LLC's investment portfolio, making the stock its 22nd biggest position. Electron Capital Partners LLC owned approximately 0.26% of NIO worth $40,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Bfsg LLC purchased a new stake in NIO in the fourth quarter worth $33,000. Rakuten Securities Inc. bought a new stake in NIO in the 4th quarter valued at about $38,000. Principal Securities Inc. purchased a new stake in NIO during the fourth quarter valued at about $42,000. Calton & Associates Inc. purchased a new position in shares of NIO in the fourth quarter worth about $92,000. Finally, First Affirmative Financial Network bought a new stake in shares of NIO in the fourth quarter valued at approximately $95,000. Hedge funds and other institutional investors own 48.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NIO shares. JPMorgan Chase & Co. upgraded shares of NIO from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $4.80 to $5.40 in a research note on Wednesday, May 15th. Barclays reissued an "underweight" rating and set a $4.00 price objective (down previously from $5.00) on shares of NIO in a report on Tuesday, April 2nd. Macquarie began coverage on NIO in a report on Monday, April 15th. They set a "neutral" rating and a $5.00 target price for the company. UBS Group lowered their price target on shares of NIO from $8.00 to $7.20 and set a "neutral" rating on the stock in a report on Thursday, March 14th. Finally, Sanford C. Bernstein decreased their target price on shares of NIO from $7.50 to $5.50 and set a "market perform" rating on the stock in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $7.55.

NIO Price Performance

NYSE:NIO traded down $0.08 during midday trading on Friday, hitting $4.33. The company had a trading volume of 23,556,994 shares, compared to its average volume of 49,617,676. The stock's fifty day moving average price is $4.82 and its 200-day moving average price is $5.88. Nio Inc - has a 52-week low of $3.61 and a 52-week high of $16.18. The company has a quick ratio of 1.03, a current ratio of 1.15 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $7.44 billion, a PE ratio of -2.56 and a beta of 1.80.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings data on Thursday, June 6th. The company reported ($0.36) earnings per share for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.05). The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.48 billion. NIO had a negative net margin of 39.38% and a negative return on equity of 111.91%. As a group, research analysts expect that Nio Inc - will post -1.33 earnings per share for the current year.

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.