Canada Pension Plan Investment Board Has $9.18 Million Position in Nio Inc – (NYSE:NIO)

Canada Pension Plan Investment Board trimmed its position in Nio Inc – (NYSE:NIOFree Report) by 63.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,014,971 shares of the company’s stock after selling 1,733,141 shares during the period. Canada Pension Plan Investment Board owned 0.06% of NIO worth $9,175,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NIO. Parallel Advisors LLC lifted its stake in shares of NIO by 30.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,453 shares of the company’s stock valued at $33,000 after acquiring an additional 814 shares during the last quarter. Point72 Asset Management L.P. bought a new position in NIO during the 4th quarter worth $33,000. Peoples Bank KS bought a new position in NIO during the 3rd quarter worth $46,000. Lindbrook Capital LLC raised its position in NIO by 88.3% during the 2nd quarter. Lindbrook Capital LLC now owns 5,343 shares of the company’s stock worth $52,000 after purchasing an additional 2,505 shares during the last quarter. Finally, Psagot Value Holdings Ltd. Israel raised its position in NIO by 26.3% during the 2nd quarter. Psagot Value Holdings Ltd. Israel now owns 6,606 shares of the company’s stock worth $62,000 after purchasing an additional 1,377 shares during the last quarter. 42.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NIO has been the subject of several analyst reports. Bank of America lowered NIO from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 9th. Mizuho lowered their target price on NIO from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, December 6th. Finally, The Goldman Sachs Group initiated coverage on NIO in a research report on Wednesday, January 3rd. They set a “neutral” rating for the company. Seven equities research 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, NIO has an average rating of “Hold” and a consensus price target of $12.75.

Read Our Latest Analysis on NIO

NIO Price Performance

Shares of NIO opened at $6.09 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.97 and a current ratio of 1.09. The stock has a 50-day moving average of $7.24 and a 200-day moving average of $8.72. Nio Inc – has a one year low of $5.30 and a one year high of $16.18.

NIO (NYSE:NIOGet Free Report) last issued its earnings results on Tuesday, December 5th. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.43) by $0.06. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.63 billion. NIO had a negative return on equity of 114.38% and a negative net margin of 39.26%. On average, sell-side analysts anticipate that Nio Inc – will post -1.65 earnings per share for the current fiscal 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.

See Also

Institutional Ownership by Quarter for NIO (NYSE:NIO)

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