Nio Inc - (NYSE:NIO) Position Reduced by GTS Securities LLC

GTS Securities LLC trimmed its position in Nio Inc - (NYSE:NIO - Free Report) by 71.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,868 shares of the company's stock after selling 242,064 shares during the period. GTS Securities LLC's holdings in NIO were worth $414,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NIO. Vident Advisory LLC boosted its position in shares of NIO by 60.6% in the fourth quarter. Vident Advisory LLC now owns 53,937 shares of the company's stock worth $235,000 after acquiring an additional 20,349 shares during the last quarter. Vienna Asset Management LLC acquired a new stake in shares of NIO in the fourth quarter worth approximately $100,000. Laird Norton Wetherby Trust Company LLC acquired a new stake in shares of NIO in the fourth quarter worth approximately $93,000. Laird Norton Wetherby Wealth Management LLC boosted its position in shares of NIO by 15.1% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 66,534 shares of the company's stock worth $290,000 after acquiring an additional 8,746 shares during the last quarter. Finally, J. Goldman & Co LP acquired a new stake in shares of NIO in the fourth quarter worth approximately $541,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on NIO. JPMorgan Chase & Co. lowered shares of NIO from an "overweight" rating to a "neutral" rating and cut their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Citigroup reiterated a "buy" rating on shares of NIO in a research note on Monday, April 28th. Cfra Research raised shares of NIO to a "hold" rating in a report on Friday, March 21st. Finally, Mizuho decreased their price objective on shares of NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $5.05.

NIO Stock Performance

Shares of NIO traded up $0.02 during midday trading on Thursday, hitting $3.69. 23,067,810 shares of the stock traded hands, compared to its average volume of 53,325,367. Nio Inc - has a 1-year low of $3.02 and a 1-year high of $7.71. The firm has a market capitalization of $7.69 billion, a PE ratio of -2.44 and a beta of 1.73. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The business's 50 day moving average price is $3.82 and its two-hundred day moving average price is $4.26.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The business's revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted ($2.81) EPS. Equities research analysts predict 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.