Kingstone Capital Partners Texas LLC Invests $12.32 Million in NIO Inc. $NIO

Key Points

• Kingstone Capital Partners Texas LLC acquired approximately $12.32 million in shares of NIO Inc., representing about 0.17% of the company's total holdings.
• Multiple analysts have upgraded their ratings for NIO, with JPMorgan Chase increasing its price target from $4.80 to $8.00, reflecting growing optimism around the company's prospects.
• NIO reported a negative EPS of ($0.32) for the latest quarter, which was below the consensus estimate, although it showed a year-over-year revenue growth of 9%.

Kingstone Capital Partners Texas LLC acquired a new stake in NIO Inc. (NYSE:NIO - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 3,590,292 shares of the company's stock, valued at approximately $12,315,000. Kingstone Capital Partners Texas LLC owned about 0.17% of NIO as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vident Advisory LLC boosted its stake in NIO by 60.6% in the fourth quarter. Vident Advisory LLC now owns 53,937 shares of the company's stock valued at $235,000 after acquiring an additional 20,349 shares during the last quarter. Shufro Rose & Co. LLC bought a new stake in NIO in the fourth quarter valued at approximately $65,000. Annex Advisory Services LLC acquired a new stake in NIO during the 1st quarter worth $47,000. SG Americas Securities LLC lifted its holdings in shares of 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 purchasing an additional 958,750 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its stake in NIO by 44.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 39,492 shares of the company's stock valued at $150,000 after buying an additional 12,080 shares in the last quarter. 48.55% of the stock is owned by institutional investors.

NIO Stock Performance

Shares of NIO traded down $0.46 during mid-day trading on Monday, reaching $6.92. The company's stock had a trading volume of 128,343,176 shares, compared to its average volume of 58,836,438. The company has a current ratio of 0.84, a quick ratio of 0.71 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. The business has a 50-day simple moving average of $5.45 and a two-hundred day simple moving average of $4.41. The stock has a market cap of $14.43 billion, a P/E ratio of -4.32 and a beta of 1.20.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NIO. Morgan Stanley reissued a "buy" rating on shares of NIO in a research report on Monday, July 14th. UBS Group upgraded shares of NIO from a "neutral" rating to a "buy" rating and increased their target price for the stock from $6.20 to $8.50 in a report on Tuesday, September 16th. The Goldman Sachs Group upgraded shares of 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 note on Tuesday, June 17th. JPMorgan Chase & Co. upgraded shares of NIO from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $4.80 to $8.00 in a research note on Tuesday, August 26th. Finally, Mizuho raised their price objective on NIO from $3.50 to $6.00 and gave the company a "neutral" rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $6.16.

NIO 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.