Vontobel Holding Ltd. Sells 107,267 Shares of Nio Inc - (NYSE:NIO)

Vontobel Holding Ltd. trimmed its position in Nio Inc - (NYSE:NIO - Free Report) by 12.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 738,435 shares of the company's stock after selling 107,267 shares during the quarter. Vontobel Holding Ltd.'s holdings in NIO were worth $4,933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in shares of NIO in the 2nd quarter valued at approximately $1,076,000. Bank of New York Mellon Corp grew its holdings in NIO by 32.1% during the second quarter. Bank of New York Mellon Corp now owns 1,416,709 shares of the company's stock worth $5,894,000 after acquiring an additional 343,910 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of NIO by 23.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,317,758 shares of the company's stock worth $10,430,000 after purchasing an additional 439,474 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of NIO by 127.1% in 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 purchasing an additional 211,936 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in NIO by 28.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 2,431,771 shares of the company's stock valued at $10,950,000 after purchasing an additional 535,400 shares during the last quarter. 48.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded NIO from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $5.30 to $8.00 in a research report on Friday, September 6th. Daiwa America raised NIO to a "strong-buy" rating in a report on Monday, September 30th. 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 assumed coverage on shares of NIO in a research note on Thursday, September 5th. They set a "peer perform" rating for the company. Finally, Bank of America raised their target price 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, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $5.93.

NIO Trading Up 1.4 %

NYSE:NIO traded up $0.07 during trading hours on Friday, hitting $5.22. The stock had a trading volume of 66,305,029 shares, compared to its average volume of 56,851,242. The business's 50 day moving average is $5.13 and its 200-day moving average is $4.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.11. The company has a market cap of $8.97 billion, a price-to-earnings ratio of -3.14 and a beta of 1.86. Nio Inc - has a one year low of $3.61 and a one year high of $9.57.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, meeting the consensus estimate of ($2.21). The business had revenue of $17.45 billion for the quarter, compared to analysts' expectations of $17.49 billion. NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. NIO's revenue for the quarter was up 98.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.51) EPS. Sell-side analysts anticipate that Nio Inc - will post -1.37 EPS for the current fiscal 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.