Nio Inc – (NYSE:NIO) Shares Sold by US Bancorp DE

US Bancorp DE decreased its position in Nio Inc – (NYSE:NIOGet Rating) by 17.8% during the 3rd quarter, Holdings Channel reports. The firm owned 28,469 shares of the company’s stock after selling 6,155 shares during the quarter. US Bancorp DE’s holdings in NIO were worth $449,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. PSI Advisors LLC boosted its stake in shares of NIO by 5.9% during the second quarter. PSI Advisors LLC now owns 8,978 shares of the company’s stock valued at $195,000 after acquiring an additional 500 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of NIO by 3.2% during the second quarter. Advisors Asset Management Inc. now owns 17,282 shares of the company’s stock valued at $375,000 after acquiring an additional 534 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of NIO by 4.7% during the second quarter. Captrust Financial Advisors now owns 12,195 shares of the company’s stock valued at $265,000 after acquiring an additional 546 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of NIO by 47.2% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 2,201 shares of the company’s stock valued at $48,000 after acquiring an additional 706 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its stake in shares of NIO by 4.5% during the first quarter. Wetherby Asset Management Inc. now owns 16,714 shares of the company’s stock valued at $352,000 after acquiring an additional 717 shares during the last quarter. Institutional investors and hedge funds own 30.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NIO shares. China Renaissance decreased their price objective on NIO from $12.30 to $10.40 and set a “hold” rating on the stock in a research note on Thursday, December 29th. Sanford C. Bernstein decreased their price target on NIO from $25.00 to $15.00 in a research note on Thursday, November 10th. Bank of America decreased their price target on NIO from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, November 11th. Jefferies Financial Group reissued a “hold” rating and issued a $11.27 price target (down from $42.30) on shares of NIO in a research note on Monday, November 28th. Finally, Mizuho decreased their price target on NIO from $34.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, December 20th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, NIO currently has a consensus rating of “Moderate Buy” and an average price target of $22.51.

NIO Stock Performance

NIO stock opened at $11.07 on Monday. The stock’s 50-day moving average is $11.21 and its 200-day moving average is $15.01. The company has a market cap of $18.48 billion, a price-to-earnings ratio of -11.07 and a beta of 1.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.59 and a quick ratio of 1.42. Nio Inc – has a 12 month low of $8.38 and a 12 month high of $28.99.

NIO (NYSE:NIOGet Rating) last released its quarterly earnings data on Thursday, November 10th. The company reported ($0.36) EPS for the quarter. The firm had revenue of $1.83 billion during the quarter. NIO had a negative return on equity of 32.66% and a negative net margin of 24.94%. Equities analysts anticipate that Nio Inc – will post -0.88 earnings per share for the current year.

NIO Profile

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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.

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Institutional Ownership by Quarter for NIO (NYSE:NIO)

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