Green Alpha Advisors LLC reduced its holdings in Nio Inc – (NYSE:NIO – Free Report) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (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 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NIO. Captrust Financial Advisors increased its stake in shares of NIO by 4.7% in the second quarter. Captrust Financial Advisors now owns 12,195 shares of the company’s stock valued at $265,000 after buying an additional 546 shares in the last quarter. Wetherby Asset Management Inc. increased its position in NIO by 4.5% in the 1st 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 in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of NIO by 10.3% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,812 shares of the company’s stock worth $115,000 after acquiring an additional 1,100 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of NIO by 14.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,525 shares of the company’s stock worth $250,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its stake in shares of NIO by 1.0% during the first quarter. Banque Cantonale Vaudoise now owns 178,845 shares of the company’s stock valued at $1,882,000 after purchasing an additional 1,773 shares during the last quarter. 42.32% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on NIO. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of NIO from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, September 6th. Barclays lowered their price target on shares of NIO from $10.00 to $8.00 in a research report on Monday, June 12th. UBS Group increased their price objective on shares of NIO from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of NIO from $9.00 to $10.50 and gave the stock a “neutral” rating in a report on Wednesday, August 30th. Finally, Citigroup increased their price target on NIO from $13.90 to $19.20 in a research note on Friday, August 4th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, NIO has an average rating of “Hold” and an average target price of $12.68.
NIO Stock Performance
Shares of NIO stock opened at $10.37 on Friday. The company has a market capitalization of $17.83 billion, a P/E ratio of -5.76 and a beta of 2.08. Nio Inc – has a 52 week low of $7.00 and a 52 week high of $22.74. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.82 and a current ratio of 1.00. The company’s 50 day moving average price is $11.68 and its two-hundred day moving average price is $9.74.
NIO (NYSE:NIO – Get Free Report) last posted its quarterly earnings data on Tuesday, August 29th. The company reported ($3.28) EPS for the quarter, missing the consensus estimate of ($2.96) by ($0.32). The company 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 company’s revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.25) earnings per share. On average, analysts expect that Nio Inc – will post -1.77 earnings per share 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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