Dimensional Fund Advisors LP Sells 450,752 Shares of Nio Inc - (NYSE:NIO)

Dimensional Fund Advisors LP lessened its holdings in shares of Nio Inc - (NYSE:NIO - Free Report) by 38.8% in the fourth quarter, according to its most recent filing with the 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 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NIO. Trexquant Investment LP acquired a new stake in NIO during the 4th quarter worth $3,305,000. SG Americas Securities LLC boosted its position in shares of NIO by 104.8% during the fourth 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. Raymond James Financial Inc. bought a new position in shares of NIO during the fourth quarter worth $1,776,000. XY Capital Ltd bought a new position in shares of NIO during the fourth quarter worth $1,544,000. Finally, AI Squared Management Ltd bought a new position in shares of NIO during the fourth quarter worth $1,491,000. Institutional investors and hedge funds own 48.55% of the company's stock.

NIO Stock Down 0.2%

NIO traded down $0.01 during trading on Wednesday, hitting $4.11. The company had a trading volume of 25,834,074 shares, compared to its average volume of 54,470,800. The company has a market capitalization of $8.58 billion, a PE ratio of -2.72 and a beta of 1.73. Nio Inc - has a one year low of $3.02 and a one year high of $7.71. The firm's 50-day moving average price is $4.03 and its 200 day moving average price is $4.36. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.

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 the consensus estimate of ($0.33) by ($0.14). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. During the same period last year, the firm earned ($2.81) earnings per share. The company's quarterly revenue was up 15.2% compared to the same quarter last year. As a group, equities analysts expect that Nio Inc - will post -1.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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