MBB Public Markets I LLC acquired a new position in Nio Inc - (NYSE:NIO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 101,069 shares of the company's stock, valued at approximately $420,000.
A number of other institutional investors and hedge funds have also bought and sold shares of NIO. Bank of New York Mellon Corp raised its holdings in NIO by 32.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,416,709 shares of the company's stock worth $5,894,000 after purchasing an additional 343,910 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in NIO by 23.4% in 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 buying an additional 439,474 shares during the period. Electron Capital Partners LLC boosted its position 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 acquiring an additional 235,521 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in NIO by 127.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 378,638 shares of the company's stock worth $1,704,000 after acquiring an additional 211,936 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of NIO by 28.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 2,431,771 shares of the company's stock worth $10,950,000 after acquiring an additional 535,400 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Citigroup dropped their price target on NIO from $8.50 to $7.00 and set a "buy" rating on the stock in a research note on Wednesday, September 4th. Wolfe Research started coverage on shares of NIO in a research note on Thursday, September 5th. They set a "peer perform" rating on the stock. Bank of America lifted their price target on shares of NIO from $5.00 to $5.30 and gave the company a "neutral" rating in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. raised shares of NIO from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $5.30 to $8.00 in a research report on Friday, September 6th. One investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.93.
View Our Latest Stock Report on NIO
NIO Stock Down 7.1 %
NIO stock traded down $0.51 during trading on Thursday, hitting $6.70. 97,748,137 shares of the company were exchanged, compared to its average volume of 56,188,094. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The business's 50 day moving average is $4.69 and its 200 day moving average is $4.71. Nio Inc - has a 52 week low of $3.61 and a 52 week high of $9.57. The company has a market capitalization of $11.52 billion, a P/E ratio of -3.97 and a beta of 1.82.
NIO (NYSE:NIO - Get Free Report) last announced its earnings results on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, meeting the consensus estimate of ($2.21). NIO had a negative net margin of 32.47% and a negative return on equity of 104.61%. The company had revenue of $17.45 billion during the quarter, compared to the consensus estimate of $17.49 billion. During the same quarter in the prior year, the company posted ($0.51) earnings per share. The firm's revenue for the quarter was up 98.9% on a year-over-year basis. Analysts predict that Nio Inc - will post -1.37 earnings per share for the current year.
About NIO
(
Free Report)
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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