Trexquant Investment LP Invests $3.31 Million in Nio Inc - (NYSE:NIO)

Trexquant Investment LP bought a new position in shares of Nio Inc - (NYSE:NIO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 758,110 shares of the company's stock, valued at approximately $3,305,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in shares of NIO by 20.4% during the 4th quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock worth $72,000 after buying an additional 2,788 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of NIO by 28.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,104 shares of the company's stock valued at $179,000 after purchasing an additional 9,222 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new position in NIO during the fourth quarter worth about $93,000. Sava Infond d.o.o. purchased a new stake in NIO in the 4th quarter valued at approximately $44,000. Finally, AI Squared Management Ltd purchased a new position in shares of NIO during the 4th quarter worth approximately $1,491,000. Hedge funds and other institutional investors own 48.55% of the company's stock.

Wall Street Analysts Forecast Growth

NIO has been the topic of a number of recent analyst reports. Citigroup dropped 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. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered shares of NIO from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Mizuho lowered their price objective on NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a research report on Thursday. Finally, Cfra Research raised NIO to a "hold" rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NIO presently has an average rating of "Hold" and an average price target of $5.05.

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NIO Trading Down 1.4 %

NIO traded down $0.05 on Thursday, reaching $3.27. 24,288,351 shares of the company's stock were exchanged, compared to its average volume of 56,157,416. Nio Inc - has a twelve month low of $3.02 and a twelve month high of $7.71. The company's 50 day moving average is $4.27 and its 200-day moving average is $4.71. The company has a market cap of $6.81 billion, a price-to-earnings ratio of -2.16 and a beta of 1.74. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). The business had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the company posted ($2.81) earnings per share. Equities analysts predict that Nio Inc - will post -1.43 earnings per share for the current year.

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.