Trexquant Investment LP Has $677,000 Position in NIO Inc. $NIO

Key Points

• Trexquant Investment LP has reduced its stake in NIO Inc. by 76.6%, selling 580,544 shares, leaving them with 177,566 shares valued at $677,000.
• NIO reported a quarterly loss of ($0.32) EPS, missing expectations, with revenues of $2.65 billion, compared to estimates of $20.07 billion.
• Analysts have mixed ratings on NIO, with an average target price of $5.83, reflecting an overall "Hold" sentiment despite some upgrades in target prices.

Trexquant Investment LP cut its holdings in NIO Inc. (NYSE:NIO - Free Report) by 76.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,566 shares of the company's stock after selling 580,544 shares during the quarter. Trexquant Investment LP's holdings in NIO were worth $677,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Rafferty Asset Management LLC raised its position in NIO by 38.9% in the first quarter. Rafferty Asset Management LLC now owns 50,109 shares of the company's stock worth $191,000 after acquiring an additional 14,028 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in NIO by 49.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 18,441 shares of the company's stock worth $70,000 after acquiring an additional 6,078 shares in the last quarter. Compound Planning Inc. raised its position in NIO by 25.5% in the first quarter. Compound Planning Inc. now owns 33,746 shares of the company's stock worth $129,000 after acquiring an additional 6,865 shares in the last quarter. Hsbc Holdings PLC raised its holdings in NIO by 96.6% during the 1st quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company's stock worth $3,964,000 after buying an additional 510,610 shares during the period. Finally, Brooklyn Investment Group raised its holdings in NIO by 4,297.2% during the 1st quarter. Brooklyn Investment Group now owns 15,434 shares of the company's stock worth $59,000 after buying an additional 15,083 shares during the period. 48.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NIO shares. The Goldman Sachs Group upgraded NIO from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $3.70 to $3.80 in a report on Tuesday, June 17th. Wall Street Zen raised NIO from a "strong sell" rating to a "hold" rating in a research note on Monday. Bank of America lifted their target price on NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. raised NIO from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $4.80 to $8.00 in a research note on Tuesday, August 26th. Finally, Mizuho lifted their target price on NIO from $3.50 to $6.00 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, NIO has a consensus rating of "Hold" and a consensus target price of $5.83.

NIO Stock Up 3.6%

NYSE:NIO traded up $0.22 on Monday, hitting $6.17. 81,483,510 shares of the company's stock traded hands, compared to its average volume of 86,347,176. 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 firm has a 50-day moving average price of $4.89 and a 200-day moving average price of $4.27. The company has a market cap of $12.87 billion, a PE ratio of -3.85 and a beta of 1.20.

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

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.