International Assets Investment Management LLC Boosts Stake in Nio Inc - (NYSE:NIO)

International Assets Investment Management LLC increased its position in shares of Nio Inc - (NYSE:NIO - Free Report) by 580.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 392,343 shares of the company's stock after acquiring an additional 334,723 shares during the period. International Assets Investment Management LLC's holdings in NIO were worth $2,621,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NIO. Renaissance Technologies LLC purchased a new position in NIO in the 2nd quarter worth approximately $1,076,000. Signaturefd LLC increased its holdings in shares of NIO by 16.9% in the third quarter. Signaturefd LLC now owns 48,604 shares of the company's stock worth $325,000 after buying an additional 7,014 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of NIO by 32.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,416,709 shares of the company's stock valued at $5,894,000 after acquiring an additional 343,910 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in NIO by 23.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,317,758 shares of the company's stock valued at $10,430,000 after acquiring an additional 439,474 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position 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 last quarter. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Price Performance

NIO stock remained flat at $5.10 during midday trading on Friday. 43,951,803 shares of the company were exchanged, compared to its average volume of 62,997,644. The business has a 50-day moving average of $5.43 and a two-hundred day moving average of $4.88. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $8.77 billion, a P/E ratio of -3.36 and a beta of 1.91. Nio Inc - has a 1 year low of $3.61 and a 1 year high of $9.57.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($2.21). NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The firm had revenue of $17.45 billion during the quarter, compared to the consensus estimate of $17.49 billion. During the same period last year, the company earned ($0.51) EPS. The company's quarterly revenue was up 98.9% on a year-over-year basis. On average, analysts expect that Nio Inc - will post -1.37 EPS for the current fiscal year.

Analyst Ratings Changes

NIO has been the subject of a number of analyst reports. Citigroup dropped their target price on shares of NIO from $8.50 to $7.00 and set a "buy" rating for the company in a report on Wednesday, September 4th. Macquarie upgraded shares of NIO from a "neutral" rating to an "outperform" rating and set a $6.60 price objective for the company in a report on Monday, October 28th. JPMorgan Chase & Co. upgraded shares of NIO from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $5.30 to $8.00 in a research note on Friday, September 6th. Daiwa America upgraded NIO to a "strong-buy" rating in a research report on Monday, September 30th. Finally, 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.11.

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.