Aberdeen Group plc Sells 239,337 Shares of NIO Inc. $NIO

Aberdeen Group plc reduced its holdings in shares of NIO Inc. (NYSE:NIO - Free Report) by 93.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,905 shares of the company's stock after selling 239,337 shares during the period. Aberdeen Group plc's holdings in NIO were worth $64,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Xponance Inc. bought a new position in shares of NIO in the first quarter worth approximately $39,000. Blueshift Asset Management LLC purchased a new position in shares of NIO during the 1st quarter worth $43,000. Annex Advisory Services LLC bought a new stake in NIO during the first quarter valued at about $47,000. May Hill Capital LLC bought a new position in shares of NIO during the 1st quarter valued at approximately $48,000. Finally, Concurrent Investment Advisors LLC bought a new position in shares of NIO in the first quarter worth approximately $50,000. Hedge funds and other institutional investors own 48.55% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on NIO shares. Morgan Stanley reiterated a "buy" rating on shares of NIO in a research report on Monday, July 14th. Mizuho dropped their price objective on shares of NIO from $4.00 to $3.50 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. The Goldman Sachs Group raised NIO from a "sell" rating to a "neutral" rating and boosted their target price for the company from $3.70 to $3.80 in a research report on Tuesday, June 17th. Citigroup reiterated a "buy" rating on shares of NIO in a report on Monday, April 28th. Finally, Barclays reduced their target price on NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $4.76.

NIO Stock Up 14.2%

NIO stock opened at $6.3250 on Friday. NIO Inc. has a 52 week low of $3.02 and a 52 week high of $7.71. The firm has a 50 day moving average of $4.26 and a 200 day moving average of $4.12. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $13.20 billion, a PE ratio of -3.90 and a beta of 1.42.

NIO (NYSE:NIO - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.23). The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $12.46 billion. NIO had a negative net margin of 35.51% and a negative return on equity of 286.45%. NIO's revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the company earned ($2.39) earnings per share. NIO has set its Q2 2025 guidance at EPS. Sell-side analysts forecast that NIO Inc. will post -1.43 earnings per share for the current year.

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.

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