Ensign Peak Advisors Inc Decreases Position in Nio Inc - (NYSE:NIO)

Ensign Peak Advisors Inc cut its stake in shares of Nio Inc - (NYSE:NIO - Free Report) by 89.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,371 shares of the company's stock after selling 141,050 shares during the quarter. Ensign Peak Advisors Inc's holdings in NIO were worth $76,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of NIO. Blue Trust Inc. raised its position in shares of NIO by 138.5% in 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 in the last quarter. Jones Financial Companies Lllp boosted its stake in NIO by 131.8% during the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock valued at $33,000 after purchasing an additional 4,332 shares during the last quarter. Callan Family Office LLC purchased a new stake in NIO during the 4th quarter valued at $44,000. Sava Infond d.o.o. purchased a new position in shares of NIO in the 4th quarter worth $44,000. Finally, Trilogy Capital Inc. purchased a new position in shares of NIO in the 4th quarter worth $45,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Stock Performance

Shares of NYSE NIO traded down $0.04 during mid-day trading on Tuesday, hitting $4.00. The stock had a trading volume of 7,230,662 shares, compared to its average volume of 53,747,425. 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 50 day moving average of $3.97 and a two-hundred day moving average of $4.31. Nio Inc - has a twelve month low of $3.02 and a twelve month high of $7.71. The firm has a market cap of $8.35 billion, a PE ratio of -2.65 and a beta of 1.73.

NIO (NYSE:NIO - Get Free Report) last posted 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 net margin of 33.41% and a negative return on equity of 113.83%. The business had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $20.19 billion. During the same period in the previous year, the company posted ($2.81) earnings per share. NIO's revenue for the quarter was up 15.2% compared to the same quarter last year. Research analysts predict that Nio Inc - will post -1.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NIO has been the topic of a number of research reports. Cfra Research upgraded NIO to a "hold" rating in a research note on Friday, March 21st. Mizuho lowered their target price 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 decreased their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Finally, Citigroup reissued a "buy" rating on shares of NIO in a report on Monday, April 28th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $5.05.

NIO Company 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.