Nio Inc – (NYSE:NIO) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lowered its position in Nio Inc – (NYSE:NIO) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,427,315 shares of the company’s stock after selling 26,498 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.20% of NIO worth $31,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC lifted its position in NIO by 13.9% in the fourth quarter. Valeo Financial Advisors LLC now owns 20,383 shares of the company’s stock valued at $185,000 after purchasing an additional 2,490 shares during the period. Cerity Partners LLC lifted its position in NIO by 54.4% in the fourth quarter. Cerity Partners LLC now owns 42,245 shares of the company’s stock valued at $383,000 after purchasing an additional 14,889 shares during the period. Sequoia Financial Advisors LLC lifted its position in NIO by 54.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 24,336 shares of the company’s stock valued at $221,000 after purchasing an additional 8,560 shares during the period. Redwood Wealth Management Group LLC lifted its position in NIO by 5.8% in the fourth quarter. Redwood Wealth Management Group LLC now owns 50,182 shares of the company’s stock valued at $455,000 after purchasing an additional 2,745 shares during the period. Finally, 180 Wealth Advisors LLC lifted its position in NIO by 5.8% in the fourth quarter. 180 Wealth Advisors LLC now owns 65,604 shares of the company’s stock valued at $552,000 after purchasing an additional 3,586 shares during the period. Institutional investors and hedge funds own 48.55% of the company’s stock.

Wall Street Analyst Weigh In

NIO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of NIO from $5.00 to $4.80 and set an “underweight” rating for the company in a research report on Wednesday, March 6th. Sanford C. Bernstein reduced their price target on shares of NIO from $7.50 to $5.50 and set a “market perform” rating for the company in a research report on Thursday, March 7th. UBS Group reduced their price target on shares of NIO from $8.00 to $7.20 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Mizuho reiterated a “neutral” rating and set a $5.50 price target on shares of NIO in a research report on Monday, March 25th. Finally, Macquarie began coverage on shares of NIO in a research report on Monday, April 15th. They set a “neutral” rating and a $5.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $8.43.

NIO Trading Down 5.0 %

Shares of NIO opened at $3.80 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $5.17 and a 200-day simple moving average of $6.70. Nio Inc – has a 1-year low of $3.71 and a 1-year high of $16.18. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of -2.17 and a beta of 1.93.

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