SIH Partners LLLP Has $2.76 Million Stock Holdings in Nio Inc - (NYSE:NIO)

SIH Partners LLLP lifted its holdings in Nio Inc - (NYSE:NIO - Free Report) by 104.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 663,540 shares of the company's stock after buying an additional 338,320 shares during the period. NIO comprises 2.7% of SIH Partners LLLP's holdings, making the stock its 8th largest holding. SIH Partners LLLP's holdings in NIO were worth $2,760,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ridgewood Investments LLC bought a new stake in NIO in the second quarter worth $25,000. Sound Income Strategies LLC lifted its holdings in shares of NIO by 3,333.3% in the 1st quarter. Sound Income Strategies LLC now owns 10,300 shares of the company's stock worth $46,000 after acquiring an additional 10,000 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in shares of NIO during the 1st quarter worth about $51,000. Baader Bank Aktiengesellschaft bought a new position in NIO during the 2nd quarter valued at about $53,000. Finally, Edge Wealth Management LLC purchased a new stake in NIO in the 1st quarter worth about $54,000. 48.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on NIO. Wolfe Research initiated coverage on NIO in a research note on Thursday, September 5th. They set a "peer perform" rating on the stock. Citigroup cut their price objective on NIO from $8.50 to $7.00 and set a "buy" rating on the stock in a research report on Wednesday, September 4th. JPMorgan Chase & Co. upgraded NIO from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $5.30 to $8.00 in a research report on Friday, September 6th. Finally, Bank of America upped their price target on shares of NIO from $5.00 to $5.30 and gave the stock a "neutral" rating in a report on Thursday, September 5th. 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $5.93.

NIO Stock Up 12.8 %

NYSE:NIO traded up $0.74 during mid-day trading on Friday, reaching $6.52. The company's stock had a trading volume of 180,982,054 shares, compared to its average volume of 54,206,633. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. Nio Inc - has a 1 year low of $3.61 and a 1 year high of $9.57. The stock has a fifty day moving average of $4.54 and a 200-day moving average of $4.68. The firm has a market capitalization of $11.21 billion, a PE ratio of -3.86 and a beta of 1.82.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, hitting the consensus estimate of ($2.21). The firm had revenue of $17.45 billion during the quarter, compared to analysts' expectations of $17.49 billion. NIO had a negative net margin of 32.47% and a negative return on equity of 104.61%. The company's revenue was up 98.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.51) EPS. Equities research analysts forecast that Nio Inc - will post -1.37 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.