OLD Mission Capital LLC reduced its stake in shares of Nio Inc - (NYSE:NIO - Free Report) by 43.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 293,719 shares of the company's stock after selling 229,129 shares during the quarter. OLD Mission Capital LLC's holdings in NIO were worth $1,281,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of NIO. Blue Trust Inc. lifted its holdings in NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock valued at $27,000 after acquiring an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock worth $33,000 after purchasing an additional 4,332 shares in the last quarter. Sava Infond d.o.o. acquired a new stake in NIO during the fourth quarter valued at approximately $44,000. Callan Family Office LLC bought a new stake in NIO during the fourth quarter worth approximately $44,000. Finally, Trilogy Capital Inc. acquired a new position in NIO in the fourth quarter worth approximately $45,000. 48.55% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
NIO has been the subject of several research reports. Cfra Research raised NIO to a "hold" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Citigroup cut their price objective on NIO from $8.90 to $8.10 and set a "buy" rating on the stock in a report on Monday, March 24th. Mizuho decreased their target price on shares of NIO from $5.00 to $4.20 and set a "neutral" rating for the company in a report on Monday, March 24th. Finally, Hsbc Global Res downgraded shares of NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $5.17.
Check Out Our Latest Analysis on NIO
NIO Stock Down 1.4 %
Shares of NIO traded down $0.06 during trading hours on Thursday, reaching $3.75. The company's stock had a trading volume of 36,252,699 shares, compared to its average volume of 55,931,115. The company has a 50 day moving average of $4.39 and a two-hundred day moving average of $4.79. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of -2.48 and a beta of 1.81. Nio Inc - has a 1-year low of $3.57 and a 1-year high of $7.71.
NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The firm's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($2.81) EPS. As a group, research analysts predict that Nio Inc - will post -1.43 EPS for the current fiscal year.
NIO Company Profile
(
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.
Read More
Before you consider NIO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NIO wasn't on the list.
While NIO currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
