XY Capital Ltd Trims Holdings in NIO Inc. (NYSE:NIO)

Key Points

• XY Capital Ltd reduced its holdings in NIO Inc. by 68.1% in the first quarter, selling 241,167 shares and holding 112,910 shares valued at approximately $430,000.
• NIO reported a loss of ($0.45) per share for the quarter, falling short of analysts' expectations, and its revenue of $1.66 billion was significantly below the estimated $12.46 billion.
• Currently, NIO has a consensus rating of "Hold" from analysts with a target price of $4.74, although opinions vary with some ratings as low as "underweight."

XY Capital Ltd lessened its stake in NIO Inc. (NYSE:NIO - Free Report) by 68.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112,910 shares of the company's stock after selling 241,167 shares during the quarter. XY Capital Ltd's holdings in NIO were worth $430,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Xponance Inc. purchased a new stake in shares of NIO in the 1st quarter valued at approximately $39,000. Blueshift Asset Management LLC acquired a new position in shares of NIO during the 1st quarter worth $43,000. Annex Advisory Services LLC acquired a new position in NIO in the 1st quarter valued at $47,000. May Hill Capital LLC acquired a new position in NIO in the 1st quarter valued at $48,000. Finally, Concurrent Investment Advisors LLC acquired a new position in NIO in the 1st quarter valued at $50,000. Institutional investors and hedge funds own 48.55% of the company's stock.

NIO Stock Performance

Shares of NIO stock traded up $0.08 during trading hours on Monday, reaching $4.92. 23,097,006 shares of the stock traded hands, compared to its average volume of 51,226,266. The company has a 50 day moving average price of $3.98 and a 200 day moving average price of $4.06. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of -3.03 and a beta of 1.42. NIO Inc. has a one year low of $3.02 and a one year high of $7.71. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 1.89.

NIO (NYSE:NIO - Get Free Report) last released its quarterly 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). NIO had a negative net margin of 35.51% and a negative return on equity of 286.45%. The company had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $12.46 billion. During the same quarter in the previous year, the company posted ($2.39) EPS. The business's quarterly revenue was up 21.5% on a year-over-year basis. On average, equities research analysts expect that NIO Inc. will post -1.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.