Two Sigma Securities LLC Cuts Position in Nio Inc - (NYSE:NIO)

Two Sigma Securities LLC trimmed its holdings in shares of Nio Inc - (NYSE:NIO - Free Report) by 64.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,540 shares of the company's stock after selling 147,789 shares during the period. Two Sigma Securities LLC's holdings in NIO were worth $360,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NIO. PDS Planning Inc increased its holdings in shares of NIO by 13.0% during the 4th quarter. PDS Planning Inc now owns 22,786 shares of the company's stock valued at $99,000 after purchasing an additional 2,627 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of NIO by 25.3% during the 4th 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 in the last quarter. Franklin Resources Inc. grew its position in shares of NIO by 20.4% in the fourth quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock valued at $72,000 after purchasing an additional 2,788 shares during the period. Perigon Wealth Management LLC increased its stake in NIO by 24.1% during the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company's stock worth $61,000 after buying an additional 2,867 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in NIO by 17.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company's stock valued at $94,000 after purchasing an additional 3,152 shares in the last quarter. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Price Performance

Shares of NYSE NIO traded down $0.08 during trading on Tuesday, hitting $4.23. 45,802,185 shares of the company were exchanged, compared to its average volume of 56,201,268. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Nio Inc - has a 1 year low of $3.02 and a 1 year high of $7.71. The company has a market cap of $8.83 billion, a price-to-earnings ratio of -2.80 and a beta of 1.74. The firm's fifty day moving average price is $4.12 and its 200 day moving average price is $4.45.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on NIO shares. Hsbc Global Res lowered NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. HSBC lowered NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Cfra Research upgraded NIO to a "hold" rating in a report on Friday, March 21st. JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Finally, Citigroup restated a "buy" rating on shares of NIO in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $5.05.

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.