Swiss National Bank Lowers Stock Position in Nio Inc – (NYSE:NIO)

Swiss National Bank decreased its stake in shares of Nio Inc – (NYSE:NIOFree Report) by 5.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,245,031 shares of the company’s stock after selling 179,210 shares during the quarter. Swiss National Bank’s holdings in NIO were worth $29,335,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Captrust Financial Advisors lifted its position in shares of NIO by 4.7% during the second quarter. Captrust Financial Advisors now owns 12,195 shares of the company’s stock worth $265,000 after purchasing an additional 546 shares during the last quarter. Wetherby Asset Management Inc. lifted its position 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 worth $352,000 after purchasing an additional 717 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of NIO by 30.8% during the second quarter. Parallel Advisors LLC now owns 3,453 shares of the company’s stock worth $33,000 after purchasing an additional 814 shares during the last quarter. Wahed Invest LLC lifted its position in shares of NIO by 10.0% during the second quarter. Wahed Invest LLC now owns 9,339 shares of the company’s stock worth $90,000 after purchasing an additional 848 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of NIO by 2.6% during the second quarter. Cetera Investment Advisers now owns 38,271 shares of the company’s stock worth $371,000 after purchasing an additional 987 shares during the last quarter. Institutional investors own 42.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NIO shares. Bank of America lowered shares of NIO from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 9th. The Goldman Sachs Group began coverage on shares of NIO in a research note on Wednesday, January 3rd. They issued a “neutral” rating on the stock. Finally, Mizuho dropped their price target on shares of NIO from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, December 6th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.75.

Get Our Latest Stock Analysis on NIO

NIO Trading Up 1.8 %

NYSE NIO opened at $5.93 on Friday. Nio Inc – has a 12 month low of $5.30 and a 12 month high of $16.18. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 0.76. The company’s 50 day simple moving average is $7.26 and its 200 day simple moving average is $8.82.

NIO (NYSE:NIOGet Free Report) last posted its quarterly earnings data on Tuesday, December 5th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.06. NIO had a negative net margin of 39.26% and a negative return on equity of 114.38%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.63 billion. On average, analysts anticipate that Nio Inc – will post -1.65 EPS for the current year.

NIO Company Profile

(Free Report)

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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