Green Alpha Advisors LLC lowered its holdings in Nio Inc – (NYSE:NIO – Free Report) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,621 shares of the company’s stock after selling 1,389 shares during the quarter. Green Alpha Advisors LLC’s holdings in NIO were worth $345,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in NIO. Norges Bank bought a new stake in NIO during the 4th quarter worth about $155,344,000. Two Sigma Investments LP acquired a new position in NIO in the first quarter valued at approximately $71,533,000. Electron Capital Partners LLC bought a new position in NIO in the fourth quarter valued at approximately $61,446,000. Renaissance Technologies LLC grew its holdings in NIO by 2,377.8% during the 1st quarter. Renaissance Technologies LLC now owns 5,401,600 shares of the company’s stock worth $113,704,000 after acquiring an additional 5,183,600 shares during the period. Finally, Bank of America Corp DE raised its position in shares of NIO by 90.3% during the 1st quarter. Bank of America Corp DE now owns 6,499,102 shares of the company’s stock valued at $68,306,000 after acquiring an additional 3,083,955 shares during the last quarter. Institutional investors own 42.32% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Mizuho decreased their price objective on NIO from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, August 30th. Deutsche Bank Aktiengesellschaft cut their price target on shares of NIO from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, September 6th. Nomura cut shares of NIO from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.80 to $7.50 in a research report on Monday, June 12th. JPMorgan Chase & Co. raised their price objective on NIO from $9.00 to $10.50 and gave the stock a “neutral” rating in a research note on Wednesday, August 30th. Finally, Sanford C. Bernstein decreased their target price on NIO from $9.00 to $8.00 and set a “market perform” rating for the company in a research note on Wednesday, August 30th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.68.
NIO Trading Up 3.0 %
NYSE:NIO opened at $10.37 on Friday. Nio Inc – has a twelve month low of $7.00 and a twelve month high of $22.74. The business has a 50 day moving average price of $11.68 and a two-hundred day moving average price of $9.74. The company has a market cap of $17.83 billion, a P/E ratio of -5.76 and a beta of 2.08. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 0.45.
NIO (NYSE:NIO – Get Free Report) last issued its earnings results on Tuesday, August 29th. The company reported ($3.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.96) by ($0.32). The firm had revenue of $8.77 billion during the quarter, compared to the consensus estimate of $9.16 billion. NIO had a negative net margin of 42.97% and a negative return on equity of 94.92%. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.25) earnings per share. As a group, analysts expect that Nio Inc – will post -1.77 EPS for the current fiscal year.
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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