Nio Inc – (NYSE:NIO) Holdings Lowered by Raymond James & Associates

Raymond James & Associates reduced its holdings in Nio Inc – (NYSE:NIOGet Rating) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,483 shares of the company’s stock after selling 1,099 shares during the quarter. Raymond James & Associates’ holdings in NIO were worth $1,727,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Baillie Gifford & Co. raised its holdings in shares of NIO by 9.0% in the 2nd quarter. Baillie Gifford & Co. now owns 96,731,139 shares of the company’s stock worth $2,101,001,000 after purchasing an additional 7,980,518 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of NIO by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 49,061,112 shares of the company’s stock worth $1,032,737,000 after purchasing an additional 2,271,730 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of NIO by 229.0% in the 2nd quarter. Renaissance Technologies LLC now owns 17,768,900 shares of the company’s stock worth $385,941,000 after purchasing an additional 12,367,300 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of NIO by 3.5% in the 2nd quarter. Legal & General Group Plc now owns 11,120,016 shares of the company’s stock worth $241,527,000 after purchasing an additional 371,972 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of NIO by 20.8% in the 1st quarter. First Trust Advisors LP now owns 8,128,289 shares of the company’s stock worth $171,100,000 after purchasing an additional 1,399,601 shares in the last quarter. 30.06% of the stock is currently owned by institutional investors.

NIO Stock Down 3.2 %

NIO stock opened at $11.68 on Wednesday. The firm has a market cap of $19.49 billion, a PE ratio of -11.68 and a beta of 1.86. Nio Inc – has a 1 year low of $8.38 and a 1 year high of $26.41. The company has a fifty day simple moving average of $11.23 and a 200 day simple moving average of $14.86. The company has a current ratio of 1.59, a quick ratio of 1.42 and a debt-to-equity ratio of 0.43.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NIO shares. Barclays cut their price target on shares of NIO from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, November 17th. UBS Group lowered shares of NIO from a “buy” rating to a “neutral” rating and cut their price target for the company from $32.00 to $13.00 in a report on Thursday, November 17th. Sanford C. Bernstein cut their price target on shares of NIO from $25.00 to $15.00 in a report on Thursday, November 10th. Jefferies Financial Group restated a “hold” rating and set a $11.27 price target (down previously from $42.30) on shares of NIO in a report on Monday, November 28th. Finally, China Renaissance cut their price target on shares of NIO from $12.30 to $10.40 and set a “hold” rating on the stock in a report on Thursday, December 29th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NIO currently has an average rating of “Moderate Buy” and an average price target of $22.51.

About NIO

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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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