Bridgewater Associates LP Acquires 263,338 Shares of Nio Inc - (NYSE:NIO)

Bridgewater Associates LP lifted its stake in shares of Nio Inc - (NYSE:NIO - Free Report) by 28.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,185,674 shares of the company's stock after buying an additional 263,338 shares during the quarter. Bridgewater Associates LP owned about 0.06% of NIO worth $5,170,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC grew its position in shares of NIO by 104.8% during the 4th quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company's stock worth $5,018,000 after purchasing an additional 589,082 shares in the last quarter. Swedbank AB increased its stake in NIO by 0.8% during the 4th quarter. Swedbank AB now owns 1,068,110 shares of the company's stock worth $4,657,000 after acquiring an additional 9,000 shares during the period. Trexquant Investment LP acquired a new position in NIO in the 4th quarter valued at $3,305,000. Handelsbanken Fonder AB grew its holdings in shares of NIO by 27.7% during the 4th quarter. Handelsbanken Fonder AB now owns 726,014 shares of the company's stock worth $3,165,000 after purchasing an additional 157,333 shares in the last quarter. Finally, Krane Funds Advisors LLC increased its position in shares of NIO by 39.4% in the fourth quarter. Krane Funds Advisors LLC now owns 662,100 shares of the company's stock worth $2,887,000 after purchasing an additional 187,260 shares during the period. Institutional investors own 48.55% of the company's stock.

NIO Trading Up 2.6 %

NIO traded up $0.10 during midday trading on Tuesday, hitting $3.70. 11,804,367 shares of the company were exchanged, compared to its average volume of 55,999,215. Nio Inc - has a 1-year low of $3.02 and a 1-year high of $7.71. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $7.71 billion, a P/E ratio of -2.45 and a beta of 1.74. The firm's 50 day moving average price is $4.16 and its 200-day moving average price is $4.53.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly 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 analysts' expectations of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The business's revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($2.81) earnings per share. As a group, equities analysts forecast that Nio Inc - will post -1.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NIO shares. Citigroup reduced their price objective on shares of NIO from $8.90 to $8.10 and set a "buy" rating on the stock in a research note on Monday, March 24th. JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and cut their target price for the stock 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. Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, Cfra Research upgraded shares of NIO to a "hold" rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, NIO has an average rating of "Hold" and an average 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.