Vontobel Holding Ltd. Purchases 50,891 Shares of Nio Inc – (NYSE:NIO)

Vontobel Holding Ltd. increased its position in Nio Inc – (NYSE:NIO) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,059,598 shares of the company’s stock after purchasing an additional 50,891 shares during the quarter. Vontobel Holding Ltd.’s holdings in NIO were worth $9,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NIO. Norges Bank bought a new position in NIO in the fourth quarter worth approximately $155,344,000. Two Sigma Investments LP bought a new position in NIO in the first quarter worth approximately $71,533,000. Renaissance Technologies LLC grew its stake in NIO by 2,377.8% in the first quarter. Renaissance Technologies LLC now owns 5,401,600 shares of the company’s stock worth $113,704,000 after purchasing an additional 5,183,600 shares in the last quarter. Electron Capital Partners LLC bought a new position in NIO in the third quarter worth approximately $37,918,000. Finally, Bank of America Corp DE boosted its position in 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 in the last quarter. Institutional investors own 48.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Bank of America dropped their target price on NIO from $7.50 to $6.50 and set a “neutral” rating on the stock in a research report on Wednesday, March 6th. Sanford C. Bernstein dropped their target price on NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. Barclays reaffirmed an “underweight” rating and set a $4.00 target price (down previously from $5.00) on shares of NIO in a research report on Tuesday, April 2nd. Jefferies Financial Group dropped their target price on NIO from $8.30 to $5.90 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. Finally, Macquarie assumed coverage on NIO in a research report on Monday. They set a “neutral” rating and a $5.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $8.43.

NIO Trading Down 2.1 %

Shares of NIO opened at $3.81 on Wednesday. Nio Inc – has a 12 month low of $3.71 and a 12 month high of $16.18. The stock has a fifty day moving average price of $5.29 and a 200-day moving average price of $6.78. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51.

NIO (NYSE:NIO) last issued its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing the consensus estimate of ($2.39) by ($0.42). The business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.51) EPS. On average, research analysts expect that Nio Inc – will post -1.26 earnings per share for the current year.

About NIO

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.