Nio Inc - (NYSE:NIO) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in Nio Inc - (NYSE:NIO - Free Report) by 48.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,294 shares of the company's stock after selling 174,942 shares during the period. Sei Investments Co.'s holdings in NIO were worth $847,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stratos Wealth Partners LTD. boosted its holdings in shares of NIO by 9.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 20,075 shares of the company's stock valued at $182,000 after acquiring an additional 1,816 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of NIO by 2.5% during the first quarter. Oppenheimer & Co. Inc. now owns 82,353 shares of the company's stock worth $371,000 after purchasing an additional 2,000 shares during the last quarter. Fountainhead AM LLC increased its stake in shares of NIO by 20.0% in the fourth quarter. Fountainhead AM LLC now owns 12,047 shares of the company's stock valued at $109,000 after buying an additional 2,012 shares during the period. Avantax Advisory Services Inc. raised its holdings in NIO by 11.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 19,983 shares of the company's stock valued at $181,000 after buying an additional 2,092 shares during the last quarter. Finally, Signaturefd LLC boosted its position in NIO by 10.5% during the 4th quarter. Signaturefd LLC now owns 25,748 shares of the company's stock worth $234,000 after buying an additional 2,456 shares during the period. Institutional investors own 48.55% of the company's stock.

Wall Street Analyst Weigh In

NIO has been the subject of several analyst reports. Macquarie initiated coverage on shares of NIO in a research note on Monday, April 15th. They set a "neutral" rating and a $5.00 price target for the company. Barclays reiterated an "underweight" rating and issued a $4.00 price target (down previously from $5.00) on shares of NIO in a research report on Tuesday, April 2nd. Citigroup lowered their price objective on NIO from $10.40 to $8.50 and set a "buy" rating for the company in a research report on Thursday, June 6th. Bank of America upped their target price on NIO from $5.90 to $6.00 and gave the company a "neutral" rating in a report on Friday, June 7th. Finally, JPMorgan Chase & Co. upgraded shares of NIO from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $4.80 to $5.40 in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $7.55.

NIO Trading Down 0.9 %

Shares of NIO stock traded down $0.04 during trading hours on Monday, hitting $4.39. 33,769,556 shares of the company were exchanged, compared to its average volume of 53,318,656. The company has a 50 day simple moving average of $4.67 and a two-hundred day simple moving average of $5.11. The firm has a market cap of $7.55 billion, a P/E ratio of -2.60 and a beta of 1.87. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 1.15. Nio Inc - has a fifty-two week low of $3.61 and a fifty-two week high of $16.18.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings results on Thursday, June 6th. The company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.05). NIO had a negative return on equity of 111.91% and a negative net margin of 39.38%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.48 billion. Equities analysts anticipate that Nio Inc - will post -1.41 EPS for the current year.

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.