Fisher Asset Management LLC Buys 158,231 Shares of Nio Inc – (NYSE:NIO)

Fisher Asset Management LLC raised its position in shares of Nio Inc – (NYSE:NIO) by 183.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 244,402 shares of the company’s stock after purchasing an additional 158,231 shares during the period. Fisher Asset Management LLC’s holdings in NIO were worth $2,217,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of NIO. Prudential PLC grew its stake in shares of NIO by 0.9% during the 3rd quarter. Prudential PLC now owns 177,715 shares of the company’s stock worth $1,607,000 after acquiring an additional 1,641 shares during the period. Stratos Wealth Partners LTD. boosted its position in NIO by 9.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 20,075 shares of the company’s stock worth $182,000 after purchasing an additional 1,816 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of NIO by 15.4% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,712 shares of the company’s stock valued at $133,000 after purchasing an additional 1,962 shares during the period. Fountainhead AM LLC lifted its stake in shares of NIO by 20.0% during the 4th quarter. Fountainhead AM LLC now owns 12,047 shares of the company’s stock valued at $109,000 after buying an additional 2,012 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in NIO by 7.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 31,177 shares of the company’s stock valued at $282,000 after buying an additional 2,248 shares in the last quarter. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Trading Down 5.4 %

Shares of NIO stock opened at $5.21 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51. The firm has a market cap of $8.96 billion, a P/E ratio of -2.98 and a beta of 1.92. The business has a 50-day moving average price of $4.91 and a two-hundred day moving average price of $6.37. Nio Inc – has a 12-month low of $3.61 and a 12-month high of $16.18.

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

Analysts Set New Price Targets

NIO has been the subject of a number of analyst reports. Bank of America cut their price target on NIO from $7.50 to $6.50 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Sanford C. Bernstein decreased their price target 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. UBS Group cut their price objective 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. Barclays reaffirmed an “underweight” rating and set a $4.00 target price (down previously from $5.00) on shares of NIO in a report on Tuesday, April 2nd. Finally, Macquarie started 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 research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, NIO currently has an average rating of “Hold” and an average price target of $8.43.

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.