Edmond DE Rothschild Holding S.A. reduced its stake in shares of Nio Inc - (NYSE:NIO - Free Report) by 43.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 233,330 shares of the company's stock after selling 179,000 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in NIO were worth $1,017,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock worth $27,000 after acquiring an additional 3,607 shares during the period. Jones Financial Companies Lllp grew its stake in shares of NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock worth $33,000 after acquiring an additional 4,332 shares during the period. Callan Family Office LLC bought a new stake in NIO in the 4th quarter worth approximately $44,000. Sava Infond d.o.o. purchased a new stake in NIO during the fourth quarter valued at $44,000. Finally, Trilogy Capital Inc. bought a new position in shares of NIO in the 4th quarter worth approximately $45,000. Institutional investors own 48.55% of the company's stock.
NIO Price Performance
Shares of NIO stock traded down $0.29 during trading hours on Friday, reaching $3.46. The company had a trading volume of 77,362,171 shares, compared to its average volume of 56,077,832. Nio Inc - has a 12-month low of $3.20 and a 12-month high of $7.71. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of -2.29 and a beta of 1.74. The stock has a fifty day moving average of $4.38 and a 200-day moving average of $4.77. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.
NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported ($0.47) earnings per share 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 company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same quarter in the prior year, the business earned ($2.81) earnings per share. NIO's revenue was up 15.2% on a year-over-year basis. On average, equities analysts anticipate that Nio Inc - will post -1.43 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on NIO. Hsbc Global Res downgraded NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Citigroup decreased their target price on NIO from $8.90 to $8.10 and set a "buy" rating on the stock in a research report on Monday, March 24th. Mizuho lowered their price objective on NIO from $5.00 to $4.20 and set a "neutral" rating for the company in a research note on Monday, March 24th. JPMorgan Chase & Co. downgraded shares of NIO from an "overweight" rating to a "neutral" rating and cut their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Finally, HSBC lowered NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, NIO has an average rating of "Hold" and a consensus price target of $5.17.
View Our Latest Analysis on NIO
About NIO
(
Free Report)
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.
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