Baader Bank Aktiengesellschaft Invests $293,000 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 acquired a new stake in NIO Inc. (NYSE:NIO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 76,879 shares of the company's stock, valued at approximately $293,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in NIO by 83.3% during the first quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock worth $8,038,000 after purchasing an additional 958,750 shares during the last quarter. Trexquant Investment LP bought a new stake in NIO during the fourth quarter worth $3,305,000. Raymond James Financial Inc. bought a new stake in NIO during the fourth quarter worth $1,776,000. Arizona PSPRS Trust bought a new position in shares of NIO in the 4th quarter valued at $1,330,000. Finally, Bridgewater Associates LP lifted its stake in shares of NIO by 28.6% in the 4th quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company's stock valued at $5,170,000 after acquiring an additional 263,338 shares during the last quarter. Institutional investors own 48.55% of the company's stock.

NIO Price Performance

Shares of NIO traded down $0.41 during mid-day trading on Monday, reaching $4.61. 54,818,577 shares of the stock traded hands, compared to its average volume of 51,361,215. The firm has a fifty day moving average price of $3.88 and a 200 day moving average price of $4.05. The company has a market cap of $9.61 billion, a price-to-earnings ratio of -2.84 and a beta of 1.41. The company has a current ratio of 0.84, a quick ratio of 0.69 and a debt-to-equity ratio of 1.89. NIO Inc. has a 1 year low of $3.02 and a 1 year high of $7.71.

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

Analyst Ratings Changes

NIO has been the subject of a number of research reports. Morgan Stanley reiterated a "buy" rating on shares of NIO in a research note on Monday, July 14th. The Goldman Sachs Group raised shares of NIO from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $3.70 to $3.80 in a research report on Tuesday, June 17th. Citigroup reissued a "buy" rating on shares of NIO in a research note on Monday, April 28th. Mizuho dropped their price target on shares of NIO from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Finally, Barclays dropped their price target on shares of NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $4.74.

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.