Invesco Ltd. Sells 77,033 Shares of NIO Inc. $NIO

Key Points

• Invesco Ltd. decreased its stake in NIO Inc. by 3.3% during the first quarter, selling 77,033 shares and retaining approximately 2.23 million shares valued at $8.5 million.
• NIO's stock price rose to $6.70 as of Tuesday, with a market capitalization of nearly $14 billion despite having negative earnings per share of ($0.45) in its latest quarterly report.
• Analysts have mixed views on NIO, with upgrades from JPMorgan Chase and Morgan Stanley, while others like Barclays and Mizuho have lowered their price targets, resulting in a consensus rating of "Hold."

Invesco Ltd. lowered its stake in NIO Inc. (NYSE:NIO - Free Report) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,231,690 shares of the company's stock after selling 77,033 shares during the period. Invesco Ltd. owned about 0.11% of NIO worth $8,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

Several analysts have recently commented on the company. Morgan Stanley reaffirmed a "buy" rating on shares of NIO in a research report on Monday, July 14th. JPMorgan Chase & Co. upgraded shares of NIO from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $4.80 to $8.00 in a research report on Tuesday. Barclays decreased their price target on shares of NIO from $4.00 to $3.00 and set an "underweight" rating for the company in a report on Wednesday, June 4th. Mizuho reduced 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. Finally, The Goldman Sachs Group raised shares of NIO from a "sell" rating to a "neutral" rating and upped their target price for the company from $3.70 to $3.80 in a report on Tuesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NIO presently has a consensus rating of "Hold" and a consensus price target of $5.21.

NIO Trading Up 0.4%

Shares of NIO stock traded up $0.03 during trading on Thursday, reaching $6.37. 45,622,520 shares of the stock were exchanged, compared to its average volume of 54,912,613. 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's fifty day moving average is $4.43 and its 200 day moving average is $4.16. The firm has a market cap of $13.28 billion, a price-to-earnings ratio of -3.93 and a beta of 1.42. 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 posted its earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share 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 return on equity of 286.45% and a negative net margin of 35.51%.The business's revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.39) earnings per share. NIO has set its Q2 2025 guidance at EPS. As a group, equities research analysts expect that NIO Inc. will post -1.43 earnings per share for the current fiscal year.

About NIO

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.