KBC Group NV Sells 480,172 Shares of NIO Inc. $NIO

Key Points

• KBC Group NV cut its stake in NIO by 53.8% in Q2, selling 480,172 shares and leaving it with 412,922 shares valued at about $1.42 million.
• Wall Street views are mixed but cautious: the consensus rating is Hold with a $6.75 average price target (4 Buy, 7 Hold, 2 Sell).
• NIO reported Q2 EPS of ($0.32) versus ($0.30) expected and revenue of $2.65 billion (up ~9% YoY), while maintaining negative net margin and a very negative return on equity.

KBC Group NV lessened its position in shares of NIO Inc. (NYSE:NIO - Free Report) by 53.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 412,922 shares of the company's stock after selling 480,172 shares during the quarter. KBC Group NV's holdings in NIO were worth $1,416,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cerity Partners LLC grew its holdings in shares of NIO by 38.0% in the first quarter. Cerity Partners LLC now owns 18,999 shares of the company's stock valued at $72,000 after purchasing an additional 5,234 shares in the last quarter. Xponance Inc. bought a new position in NIO during the first quarter valued at $39,000. Apollon Wealth Management LLC grew its stake in shares of NIO by 91.9% in the 1st quarter. Apollon Wealth Management LLC now owns 21,446 shares of the company's stock worth $82,000 after buying an additional 10,270 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of NIO by 4.6% in 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. Finally, WMG Financial Advisors LLC lifted its holdings in shares of NIO by 5.6% in the 1st quarter. WMG Financial Advisors LLC now owns 402,796 shares of the company's stock valued at $1,535,000 after acquiring an additional 21,261 shares during the last quarter. 48.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NIO has been the subject of several recent research reports. Weiss Ratings reiterated a "sell (e+)" rating on shares of NIO in a research report on Wednesday, October 8th. Bank of America raised their price objective on NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Mizuho boosted their target price on NIO from $6.00 to $7.00 and gave the company a "neutral" rating in a research report on Tuesday, September 23rd. The Goldman Sachs Group restated a "neutral" rating and set a $7.00 price target on shares of NIO in a report on Thursday, October 30th. Finally, Wall Street Zen raised shares of NIO from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, NIO has an average rating of "Hold" and a consensus target price of $6.75.

NIO Price Performance

Shares of NYSE:NIO opened at $6.16 on Monday. The firm has a market capitalization of $12.85 billion, a PE ratio of -3.85 and a beta of 1.46. The business has a 50 day simple moving average of $6.98 and a two-hundred day simple moving average of $5.27. NIO Inc. has a 1 year low of $3.02 and a 1 year high of $8.02.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.02). NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $20.07 billion. During the same period in the prior year, the business posted ($2.21) earnings per share. NIO's revenue was up 9.0% on a year-over-year basis. NIO has set its Q3 2025 guidance at EPS. Equities research analysts expect that NIO Inc. will post -1.43 EPS for the current fiscal 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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