Mirabella Financial Services LLP Purchases Shares of 72,100 Nio Inc - (NYSE:NIO)

Mirabella Financial Services LLP acquired a new position in Nio Inc - (NYSE:NIO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 72,100 shares of the company's stock, valued at approximately $314,000.

A number of other large investors also recently modified their holdings of NIO. Blue Trust Inc. lifted its stake in NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock valued at $27,000 after acquiring an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in NIO by 131.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock worth $33,000 after purchasing an additional 4,332 shares during the last quarter. Callan Family Office LLC bought a new stake in NIO in the 4th quarter worth about $44,000. Sava Infond d.o.o. bought a new stake in NIO in the 4th quarter worth about $44,000. Finally, Trilogy Capital Inc. purchased a new stake in NIO in the 4th quarter valued at about $45,000. Institutional investors own 48.55% of the company's stock.

Wall Street Analysts Forecast Growth

NIO has been the subject of a number of research analyst reports. Mizuho decreased their price target on NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. HSBC lowered shares of NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Cfra Research raised shares of NIO to a "hold" rating in a research report on Friday, March 21st. Finally, Citigroup decreased their price target on shares of NIO from $8.90 to $8.10 and set a "buy" rating for the company in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, NIO presently has a consensus rating of "Hold" and a consensus price target of $5.05.

NIO Stock Performance

Shares of NIO traded down $0.19 during trading hours on Friday, hitting $4.00. The company's stock had a trading volume of 24,634,416 shares, compared to its average volume of 56,067,381. The company has a market cap of $8.34 billion, a price-to-earnings ratio of -2.65 and a beta of 1.74. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The business has a 50 day simple moving average of $4.13 and a two-hundred day simple moving average of $4.50. Nio Inc - has a 52-week low of $3.02 and a 52-week high of $7.71.

NIO (NYSE:NIO - Get Free Report) last issued its earnings results on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. During the same period in the previous year, the firm earned ($2.81) EPS. The company's revenue was up 15.2% compared to the same quarter last year. On average, equities analysts expect that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

NIO Company Profile

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.