Ethic Inc. boosted its holdings in Nio Inc - (NYSE:NIO - Free Report) by 147.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,432 shares of the company's stock after acquiring an additional 71,184 shares during the period. Ethic Inc.'s holdings in NIO were worth $521,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Bridgewater Associates LP lifted its holdings in NIO by 28.6% in the fourth quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company's stock worth $5,170,000 after acquiring an additional 263,338 shares during the last quarter. SG Americas Securities LLC lifted its holdings in NIO by 104.8% in the fourth quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company's stock worth $5,018,000 after acquiring an additional 589,082 shares during the last quarter. Swedbank AB lifted its holdings in NIO by 0.8% in the fourth 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 last quarter. SIH Partners LLLP raised its holdings in shares of NIO by 23.1% during the fourth quarter. SIH Partners LLLP now owns 933,700 shares of the company's stock valued at $4,071,000 after buying an additional 175,000 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of NIO during the fourth quarter valued at approximately $3,305,000. Institutional investors own 48.55% of the company's stock.
Analyst Upgrades and Downgrades
NIO has been the topic of a number of recent analyst reports. Cfra Research raised NIO to a "hold" rating in a report on Friday, March 21st. Mizuho cut their price target on NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. cut 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, Citigroup reaffirmed a "buy" rating on shares of NIO in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $5.05.
Check Out Our Latest Report on NIO
NIO Stock Down 1.7%
Shares of NIO stock traded down $0.07 on Monday, hitting $4.03. 21,771,841 shares of the company traded hands, compared to its average volume of 53,928,660. The company has a 50-day moving average price of $3.97 and a 200 day moving average price of $4.31. 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 Inc - has a 12-month low of $3.02 and a 12-month high of $7.71. The company has a market cap of $8.41 billion, a PE ratio of -2.67 and a beta of 1.73.
NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 113.83% and a negative net margin of 33.41%. The company's revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.81) earnings per share. Sell-side analysts predict that Nio Inc - will post -1.43 earnings per share for the current year.
NIO Company Profile
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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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