NIO Inc. $NIO Shares Bought by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its NIO stake by 651.5% in the second quarter, purchasing 1.39 million additional shares to own 1.60 million shares valued at approximately $8.05 million. Institutional investors collectively hold 48.55% of NIO.
• NIO shares fell 2.8% to $3.69, near the company’s 12-month low of $3.68. The company reported $4.73 billion in quarterly revenue, but continues to post losses, including a negative net margin of 3.95%.
• Analyst sentiment remains cautious: JPMorgan and Bernstein lowered their price targets, while the consensus rating is “Hold” with an average target price of $6.21.

Hsbc Holdings PLC grew its position in shares of NIO Inc. (NYSE:NIO - Free Report) by 651.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,600,640 shares of the company's stock after buying an additional 1,387,656 shares during the quarter. Hsbc Holdings PLC owned 0.06% of NIO worth $8,051,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Atlantic Union Bankshares Corp increased its stake in shares of NIO by 98.3% during the fourth quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company's stock worth $30,000 after acquiring an additional 2,950 shares during the period. Persistent Asset Partners Ltd purchased a new position in NIO during the second quarter worth about $34,000. Global Retirement Partners LLC acquired a new stake in NIO in the second quarter valued at about $34,000. Arax Advisory Partners lifted its position in NIO by 81.6% in the fourth quarter. Arax Advisory Partners now owns 7,758 shares of the company's stock valued at $40,000 after purchasing an additional 3,487 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in NIO in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 48.55% of the company's stock.

NIO Trading Down 2.8%

Shares of NIO opened at $3.69 on Thursday. NIO Inc. has a twelve month low of $3.68 and a twelve month high of $8.02. The company has a current ratio of 1.02, a quick ratio of 0.89 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $9.15 billion, a P/E ratio of -13.65 and a beta of 0.92. The firm's 50-day moving average is $4.57 and its two-hundred day moving average is $5.28.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings results on Saturday, August 15th. The company reported $0.00 earnings per share (EPS) for the quarter. The company had revenue of $4.73 billion during the quarter. NIO had a negative net margin of 3.95% and a negative return on equity of 111.37%. On average, research analysts predict that NIO Inc. will post -0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $7.00 to $4.50 in a research report on Wednesday, September 2nd. Sanford C. Bernstein reduced their price target on NIO from $6.00 to $5.00 and set a "market perform" rating for the company in a report on Wednesday, September 2nd. Freedom Broker downgraded NIO from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 2nd. Bank of America reaffirmed a "neutral" rating and set a $6.80 price objective on shares of NIO in a report on Thursday, May 21st. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of NIO in a research report on Wednesday, July 29th. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $6.21.

NIO Company Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO's vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company's product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.

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