BNP PARIBAS ASSET MANAGEMENT Holding S.A. Raises Stock Position in Nio Inc - (NYSE:NIO)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Nio Inc - (NYSE:NIO - Free Report) by 127.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 378,638 shares of the company's stock after purchasing an additional 211,936 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in NIO were worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of NIO. Hsbc Holdings PLC increased its position in NIO by 238.6% during the fourth quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company's stock valued at $64,070,000 after acquiring an additional 4,976,403 shares during the last quarter. Electron Capital Partners LLC grew its holdings in NIO by 5.6% during the fourth quarter. Electron Capital Partners LLC now owns 4,429,960 shares of the company's stock valued at $40,180,000 after purchasing an additional 235,521 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in NIO by 23.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,317,758 shares of the company's stock valued at $10,430,000 after purchasing an additional 439,474 shares during the period. SG Americas Securities LLC grew its holdings in NIO by 64.6% during the first quarter. SG Americas Securities LLC now owns 1,895,544 shares of the company's stock valued at $8,530,000 after purchasing an additional 744,067 shares during the period. Finally, AMF Tjanstepension AB grew its holdings in NIO by 132.4% during the first quarter. AMF Tjanstepension AB now owns 1,562,200 shares of the company's stock valued at $7,030,000 after purchasing an additional 889,900 shares during the period. Hedge funds and other institutional investors own 48.55% of the company's stock.

NIO Trading Down 1.8 %

NIO stock traded down $0.08 during midday trading on Friday, reaching $4.46. 22,403,649 shares of the company traded hands, compared to its average volume of 42,759,068. Nio Inc - has a 52-week low of $3.61 and a 52-week high of $16.18. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 1.15. The business has a 50 day moving average of $4.79 and a 200-day moving average of $5.27. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of -2.64 and a beta of 1.86.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings data on Thursday, June 6th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.05). NIO had a negative net margin of 39.38% and a negative return on equity of 111.91%. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.48 billion. As a group, sell-side analysts expect that Nio Inc - will post -1.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on NIO shares. Citigroup cut their price target on NIO from $10.40 to $8.50 and set a "buy" rating for the company in a report on Thursday, June 6th. Mizuho reaffirmed a "neutral" rating and issued a $5.50 price objective on shares of NIO in a research note on Monday, March 25th. JPMorgan Chase & Co. raised NIO from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $4.80 to $5.40 in a research note on Wednesday, May 15th. Macquarie started coverage on NIO in a research note on Monday, April 15th. They set a "neutral" rating and a $5.00 price target for the company. Finally, Bank of America increased their price target on NIO from $5.90 to $6.00 and gave the company a "neutral" rating in a research note on Friday, June 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.55.

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.