Tower Research Capital LLC TRC Grows Stock Holdings in Nio Inc - (NYSE:NIO)

Tower Research Capital LLC TRC lifted its holdings in Nio Inc - (NYSE:NIO - Free Report) by 112.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 125,400 shares of the company's stock after purchasing an additional 66,321 shares during the period. Tower Research Capital LLC TRC's holdings in NIO were worth $547,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Mirabella Financial Services LLP acquired a new position in NIO during the 4th quarter valued at $314,000. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of NIO by 25.3% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company's stock valued at $59,000 after buying an additional 2,712 shares during the last quarter. Bridgewater Associates LP raised its position in shares of NIO by 28.6% during the fourth quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company's stock valued at $5,170,000 after buying an additional 263,338 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of NIO by 19.7% in the fourth quarter. Guggenheim Capital LLC now owns 38,888 shares of the company's stock valued at $170,000 after buying an additional 6,395 shares during the period. Finally, LaSalle St. Investment Advisors LLC acquired a new stake in NIO during the fourth quarter worth about $119,000. Institutional investors and hedge funds own 48.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NIO. JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Hsbc Global Res downgraded NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. Citigroup reaffirmed a "buy" rating on shares of NIO in a report on Monday. Mizuho cut their price target on NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, Cfra Research raised NIO to a "hold" rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $5.05.

NIO Price Performance

Shares of NIO stock traded down $0.08 on Tuesday, reaching $4.23. The company's stock had a trading volume of 45,802,185 shares, compared to its average volume of 56,201,268. The company has a market capitalization of $8.83 billion, a P/E ratio of -2.80 and a beta of 1.74. 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 12-month low of $3.02 and a 12-month high of $7.71. The stock's 50 day simple moving average is $4.12 and its 200-day simple moving average is $4.45.

NIO (NYSE:NIO - Get Free Report) last released its earnings results on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate 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 revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($2.81) EPS. As a group, equities analysts predict that Nio Inc - will post -1.43 earnings per share 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.