NIO Inc. (NYSE:NIO) Shares Acquired by Trilogy Capital Inc.

Key Points

• Trilogy Capital Inc. significantly increased its stake in NIO Inc. by 1,307.5% during the first quarter, bringing their total ownership to 144,356 shares worth $550,000.
• Several analysts recently downgraded NIO's stock price targets, with Barclays lowering theirs from $4.00 to $3.00 and Mizuho adjusting theirs from $4.00 to $3.50, highlighting mixed sentiments from analysts.
• NIO reported a quarterly earnings loss of ($0.45) per share, missing the consensus estimate and indicating a negative net margin of 35.51%, despite a year-over-year revenue increase of 21.5%.

Trilogy Capital Inc. grew its holdings in NIO Inc. (NYSE:NIO - Free Report) by 1,307.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,356 shares of the company's stock after purchasing an additional 134,100 shares during the period. Trilogy Capital Inc.'s holdings in NIO were worth $550,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of NIO. Xponance Inc. purchased a new stake in NIO during the first quarter worth approximately $39,000. Sava Infond d.o.o. acquired a new position in NIO during the fourth quarter worth approximately $44,000. Annex Advisory Services LLC acquired a new position in NIO during the first quarter worth approximately $47,000. May Hill Capital LLC acquired a new position in NIO during the first quarter worth approximately $48,000. Finally, Concurrent Investment Advisors LLC acquired a new position in NIO during the first quarter worth approximately $50,000. Institutional investors and hedge funds own 48.55% of the company's stock.

Analysts Set New Price Targets

NIO has been the topic of a number of recent research reports. Morgan Stanley reissued a "buy" rating on shares of NIO in a report on Monday, July 14th. Barclays dropped their price objective on NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a report on Wednesday, June 4th. The Goldman Sachs Group upgraded NIO from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $3.70 to $3.80 in a research report on Tuesday, June 17th. Citigroup reiterated a "buy" rating on shares of NIO in a research report on Monday, April 28th. Finally, Mizuho decreased their target price on NIO from $4.00 to $3.50 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NIO presently has a consensus rating of "Hold" and an average price target of $4.74.

NIO Trading Up 2.0%

NIO stock traded up $0.10 during midday trading on Friday, hitting $4.93. The stock had a trading volume of 60,549,638 shares, compared to its average volume of 65,373,876. The firm has a market cap of $10.28 billion, a PE ratio of -3.04 and a beta of 1.55. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.84 and a quick ratio of 0.69. NIO Inc. has a 12-month low of $3.02 and a 12-month high of $7.71. The company's 50-day moving average price is $3.80 and its 200 day moving average price is $4.03.

NIO (NYSE:NIO - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.23). The business 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 quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the company posted ($2.39) earnings per share. On average, equities research analysts predict that NIO Inc. will post -1.43 earnings per share 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.