American Century Companies Inc. Has $2.68 Million Holdings in NIO Inc. $NIO

Key Points

• American Century Companies Inc. increased its stake in NIO Inc. by 18.0% during the first quarter, owning 702,772 shares worth approximately $2.68 million.
• Several institutional investors, including SG Americas Securities LLC and Trilogy Capital Inc., have made significant increases in their holdings of NIO, collectively indicating growing confidence in the company's future.
• Analyst ratings for NIO shares are mixed, with a consensus rating of "Hold" and a target price averaging around $5.21, reflecting a range of opinions on the stock's potential.

American Century Companies Inc. increased its stake in NIO Inc. (NYSE:NIO - Free Report) by 18.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 702,772 shares of the company's stock after purchasing an additional 107,239 shares during the period. American Century Companies Inc.'s holdings in NIO were worth $2,678,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC raised its stake in NIO by 83.3% during the 1st quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock valued at $8,038,000 after acquiring an additional 958,750 shares in the last quarter. Trilogy Capital Inc. increased its position in shares of NIO by 1,307.5% during the 1st quarter. Trilogy Capital Inc. now owns 144,356 shares of the company's stock valued at $550,000 after purchasing an additional 134,100 shares during the period. J. Goldman & Co LP acquired a new position in shares of NIO during the 4th quarter valued at $541,000. Accuvest Global Advisors acquired a new position in shares of NIO during the 1st quarter valued at $331,000. Finally, Cobblestone Asset Management LLC acquired a new position in shares of NIO during the 1st quarter valued at $319,000. Institutional investors own 48.55% of the company's stock.

Wall Street Analyst Weigh In

NIO has been the topic of several research analyst reports. Barclays lowered their price target on NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 4th. Mizuho lowered their price target on NIO from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. The Goldman Sachs Group upgraded NIO from a "sell" rating to a "neutral" rating and lifted their price target for the company from $3.70 to $3.80 in a research report on Tuesday, June 17th. Morgan Stanley reiterated a "buy" rating on shares of NIO in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. upgraded NIO from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $4.80 to $8.00 in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, NIO has an average rating of "Hold" and an average target price of $5.21.

NIO Stock Down 2.0%

Shares of NIO stock traded down $0.13 during midday trading on Monday, hitting $6.38. The company's stock had a trading volume of 57,076,123 shares, compared to its average volume of 82,391,968. The firm has a market capitalization of $13.31 billion, a P/E ratio of -3.94 and a beta of 1.20. The stock has a 50-day simple moving average of $4.61 and a 200-day simple moving average of $4.20. The company has a quick ratio of 0.69, a current ratio of 0.84 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 issued its earnings results on Tuesday, June 3rd. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.23). The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $12.46 billion. NIO had a negative return on equity of 286.45% and a negative net margin of 35.51%.The business's quarterly revenue was up 21.5% on a year-over-year basis. During the same period last year, the business earned ($2.39) EPS. NIO has set its Q2 2025 guidance at EPS. As a group, sell-side analysts expect 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.