Nio Inc - (NYSE:NIO) Shares Sold by Swedbank AB

Swedbank AB trimmed its stake in shares of Nio Inc - (NYSE:NIO - Free Report) by 10.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,059,110 shares of the company's stock after selling 128,200 shares during the quarter. Swedbank AB owned 0.06% of NIO worth $7,075,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NIO. Advisors Asset Management Inc. raised its holdings in shares of NIO by 71.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 82,179 shares of the company's stock valued at $549,000 after purchasing an additional 34,299 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of NIO by 106.1% during the 3rd quarter. Avior Wealth Management LLC now owns 14,588 shares of the company's stock worth $97,000 after acquiring an additional 7,510 shares in the last quarter. West Family Investments Inc. acquired a new position in NIO in the third quarter valued at approximately $138,000. Banque Cantonale Vaudoise increased its stake in NIO by 112.2% in the third quarter. Banque Cantonale Vaudoise now owns 363,885 shares of the company's stock valued at $2,430,000 after purchasing an additional 192,394 shares during the last quarter. Finally, Axim Planning & Wealth lifted its position in shares of NIO by 471.9% during the 3rd quarter. Axim Planning & Wealth now owns 80,383 shares of the company's stock worth $537,000 after buying an additional 66,328 shares during the last quarter. Hedge funds and other institutional investors own 48.55% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on NIO. Citigroup decreased their price objective on shares of NIO from $8.50 to $7.00 and set a "buy" rating for the company in a research note on Wednesday, September 4th. The Goldman Sachs Group lowered shares of NIO from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $4.80 to $3.90 in a research note on Monday. Bank of America raised their price target on NIO from $5.00 to $5.30 and gave the stock a "neutral" rating in a report on Thursday, September 5th. JPMorgan Chase & Co. raised 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. Finally, Macquarie lowered shares of NIO from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $5.71.

NIO Stock Performance

NIO stock opened at $4.33 on Wednesday. The stock's 50 day moving average price is $5.48 and its 200 day moving average price is $4.89. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. 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, meeting the consensus estimate of ($2.21). The business had revenue of $17.45 billion for the quarter, compared to the consensus estimate of $17.49 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The business's revenue was up 98.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.51) earnings per share. As a group, research analysts forecast that Nio Inc - will post -1.39 EPS for the current fiscal year.

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.