UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 1,093,707 Shares of Nio Inc - (NYSE:NIO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Nio Inc - (NYSE:NIO - Free Report) by 89.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,726 shares of the company's stock after selling 1,093,707 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in NIO were worth $570,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bridgewater Associates LP lifted its holdings in NIO by 28.6% during the fourth quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company's stock worth $5,170,000 after acquiring an additional 263,338 shares during the period. SIH Partners LLLP grew its position in shares of NIO by 23.1% during the 4th quarter. SIH Partners LLLP now owns 933,700 shares of the company's stock valued at $4,071,000 after acquiring an additional 175,000 shares during the period. Trexquant Investment LP bought a new stake in shares of NIO in the 4th quarter worth approximately $3,305,000. Handelsbanken Fonder AB raised its holdings in shares of NIO by 27.7% in the 4th quarter. Handelsbanken Fonder AB now owns 726,014 shares of the company's stock worth $3,165,000 after purchasing an additional 157,333 shares during the period. Finally, Krane Funds Advisors LLC grew its holdings in NIO by 39.4% during the fourth quarter. Krane Funds Advisors LLC now owns 662,100 shares of the company's stock valued at $2,887,000 after purchasing an additional 187,260 shares during the period. Hedge funds and other institutional investors own 48.55% of the company's stock.

Analyst Upgrades and Downgrades

NIO has been the topic of several recent research reports. Cfra Research raised shares of NIO to a "hold" rating in a report on Friday, March 21st. Mizuho decreased their price objective on NIO from $4.00 to $3.50 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. Citigroup reiterated a "buy" rating on shares of NIO in a research report on Monday, April 28th. Finally, Barclays cut their price target on shares of NIO from $4.00 to $3.00 and set an "underweight" rating for the company in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $4.76.

NIO Stock Performance

Shares of NIO stock traded down $0.12 during trading hours on Thursday, reaching $3.62. 22,431,301 shares of the company traded hands, compared to its average volume of 52,737,385. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Nio Inc - has a 12-month low of $3.02 and a 12-month high of $7.71. The company has a market cap of $7.56 billion, a P/E ratio of -2.40 and a beta of 1.62. The firm has a 50-day moving average price of $3.77 and a 200 day moving average price of $4.19.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.45) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.23). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $12.46 billion. During the same period last year, the company earned ($2.39) EPS. The business's revenue was up 21.5% on a year-over-year basis. As a group, sell-side analysts predict that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

About NIO

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.