Barclays PLC Cuts Stake in Nio Inc - (NYSE:NIO)

Barclays PLC reduced its holdings in shares of Nio Inc - (NYSE:NIO - Free Report) by 42.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 509,985 shares of the company's stock after selling 374,440 shares during the quarter. Barclays PLC's holdings in NIO were worth $2,222,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. PDS Planning Inc grew its holdings in shares of NIO by 13.0% during the fourth quarter. PDS Planning Inc now owns 22,786 shares of the company's stock worth $99,000 after purchasing an additional 2,627 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of NIO by 20.4% during the fourth quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock worth $72,000 after purchasing an additional 2,788 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of NIO by 24.1% during the fourth quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company's stock worth $61,000 after purchasing an additional 2,867 shares in the last quarter. BSW Wealth Partners grew its holdings in shares of NIO by 21.4% during the fourth quarter. BSW Wealth Partners now owns 20,423 shares of the company's stock worth $89,000 after purchasing an additional 3,606 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock worth $27,000 after buying an additional 3,607 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors.

NIO Trading Down 2.3 %

Shares of NIO stock traded down $0.10 during midday trading on Thursday, reaching $3.96. 41,300,467 shares of the company's stock traded hands, compared to its average volume of 55,689,588. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The company has a market cap of $8.25 billion, a PE ratio of -2.62 and a beta of 1.74. The stock has a 50 day moving average of $4.10 and a 200-day moving average of $4.43. Nio Inc - has a 12 month low of $3.02 and a 12 month high of $7.71.

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Hsbc Global Res lowered NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Citigroup reaffirmed a "buy" rating on shares of NIO in a research note on Monday. JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. HSBC lowered NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Finally, Mizuho dropped their price objective on NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, April 10th. 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 given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $5.05.

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.