Baader Bank Aktiengesellschaft Takes Position in NIO Inc. (NYSE:NIO)

Key Points

• Baader Bank Aktiengesellschaft acquired a new stake in NIO Inc. by purchasing 76,879 shares, valued at approximately $293,000, during the first quarter of 2023.
• Recent analysts' ratings reflect mixed sentiments for NIO, with Goldman Sachs upgrading the stock to "neutral" while others have set price targets ranging from $3.00 to $4.74.
• NIO's stock is currently trading at $4.88, with a market capitalization of $10.17 billion, despite having reported a net loss of ($0.45) EPS for the last quarter.

Baader Bank Aktiengesellschaft bought a new stake in shares of NIO Inc. (NYSE:NIO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 76,879 shares of the company's stock, valued at approximately $293,000.

A number of other institutional investors have also recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of NIO by 25.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 13,440 shares of the company's stock valued at $59,000 after acquiring an additional 2,712 shares during the period. Franklin Resources Inc. lifted its position in shares of NIO by 20.4% during the 4th quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock worth $72,000 after buying an additional 2,788 shares during the last quarter. Tempus Wealth Planning LLC lifted its position in shares of NIO by 7.4% during the 1st quarter. Tempus Wealth Planning LLC now owns 42,710 shares of the company's stock worth $163,000 after buying an additional 2,943 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of NIO by 17.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company's stock worth $94,000 after buying an additional 3,152 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of NIO by 4.6% during the 1st quarter. Private Advisor Group LLC now owns 79,500 shares of the company's stock worth $303,000 after buying an additional 3,527 shares during the last quarter. 48.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NIO shares. Mizuho dropped their price objective on NIO from $4.00 to $3.50 and set a "neutral" rating for the company in a research report on Tuesday, June 3rd. The Goldman Sachs Group upgraded NIO from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $3.70 to $3.80 in a research report on Tuesday, June 17th. Citigroup restated a "buy" rating on shares of NIO in a research report on Monday, April 28th. Morgan Stanley restated a "buy" rating on shares of NIO in a research report on Monday, July 14th. Finally, Barclays dropped their price objective on NIO from $4.00 to $3.00 and set an "underweight" rating for the company in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $4.74.

NIO Price Performance

NIO traded up $0.14 on Friday, reaching $5.01. The stock had a trading volume of 81,069,213 shares, compared to its average volume of 72,399,952. NIO Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $7.71. The firm has a 50-day moving average of $3.88 and a 200-day moving average of $4.05. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of -3.09 and a beta of 1.41.

NIO (NYSE:NIO - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.23). NIO had a negative return on equity of 286.45% and a negative net margin of 35.51%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $12.46 billion. During the same period in the previous year, the company earned ($2.39) EPS. NIO's revenue for the quarter was up 21.5% on a year-over-year basis. As a group, sell-side analysts anticipate that NIO Inc. will post -1.43 EPS for the current 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.