Dimensional Fund Advisors LP Decreases Holdings in Nio Inc - (NYSE:NIO)

Dimensional Fund Advisors LP lessened its holdings in shares of Nio Inc - (NYSE:NIO - Free Report) by 38.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 709,941 shares of the company's stock after selling 450,752 shares during the period. Dimensional Fund Advisors LP's holdings in NIO were worth $3,095,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in NIO during the 4th quarter valued at approximately $1,360,000. AlphaStar Capital Management LLC bought a new stake in NIO during the 4th quarter valued at approximately $537,000. Arizona PSPRS Trust bought a new stake in NIO during the 4th quarter valued at approximately $1,330,000. Raymond James Financial Inc. bought a new stake in NIO during the 4th quarter valued at approximately $1,776,000. Finally, WMG Financial Advisors LLC boosted its position in NIO by 37.7% during the 4th quarter. WMG Financial Advisors LLC now owns 381,535 shares of the company's stock valued at $1,663,000 after acquiring an additional 104,478 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on NIO shares. Mizuho cut their price objective on NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Cfra Research raised NIO to a "hold" rating in a research report on Friday, March 21st. Finally, Citigroup reissued a "buy" rating on shares of NIO in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, NIO presently has an average rating of "Hold" and an average price target of $5.05.

NIO Stock Up 2.6%

NIO stock traded up $0.11 during midday trading on Friday, hitting $4.10. The company's stock had a trading volume of 25,538,404 shares, compared to its average volume of 54,057,281. The company has a market cap of $8.55 billion, a PE ratio of -2.71 and a beta of 1.73. Nio Inc - has a 12 month low of $3.02 and a 12 month high of $7.71. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The firm's 50-day moving average is $3.99 and its 200-day moving average is $4.33.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The business had revenue of $2.70 billion during 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%. The business's revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company posted ($2.81) earnings per share. On average, equities research analysts forecast that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

NIO 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.