Quadrature Capital Ltd Boosts Stock Holdings in Nio Inc - (NYSE:NIO)

Quadrature Capital Ltd raised its stake in Nio Inc - (NYSE:NIO - Free Report) by 32.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,209,020 shares of the company's stock after acquiring an additional 538,907 shares during the quarter. Quadrature Capital Ltd owned about 0.13% of NIO worth $14,756,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NIO. Ridgewood Investments LLC bought a new position in NIO in the 2nd quarter valued at about $25,000. Allspring Global Investments Holdings LLC acquired a new stake in NIO during the third quarter worth approximately $32,000. Baader Bank Aktiengesellschaft bought a new position in NIO during the 2nd quarter worth $53,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in NIO by 22.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company's stock worth $61,000 after acquiring an additional 2,651 shares during the period. Finally, Caprock Group LLC bought a new position in NIO during the 2nd quarter worth $63,000. 48.55% of the stock is owned by institutional investors.

NIO Stock Up 1.3 %

NIO stock traded up $0.06 during midday trading on Thursday, reaching $4.66. The stock had a trading volume of 28,557,343 shares, compared to its average volume of 56,638,641. Nio Inc - has a 12 month low of $3.61 and a 12 month high of $9.57. The company has a market capitalization of $8.01 billion, a P/E ratio of -3.11 and a beta of 1.77. The company has a fifty day moving average price of $5.34 and a two-hundred day moving average price of $4.85. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, hitting analysts' consensus estimates of ($2.21). The firm had revenue of $17.45 billion during the quarter, compared to analyst estimates of $17.49 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The company's revenue for the quarter was up 98.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.51) EPS. As a group, equities analysts expect that Nio Inc - will post -1.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. The Goldman Sachs Group lowered NIO from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $4.80 to $3.90 in a research note on Monday, November 25th. Macquarie lowered NIO from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. Citigroup cut their price objective on NIO from $8.50 to $7.00 and set a "buy" rating on the stock in a report on Wednesday, September 4th. JPMorgan Chase & Co. raised NIO from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $5.30 to $8.00 in a report on Friday, September 6th. Finally, Wolfe Research initiated coverage on NIO in a report on Thursday, September 5th. They set a "peer perform" rating on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $5.71.

About NIO

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.