XY Capital Ltd Trims Stock 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 lowered its holdings in NIO Inc. (NYSE:NIO - Free Report) by 68.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm 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 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in NIO by 83.3% during the 1st quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock valued at $8,038,000 after acquiring an additional 958,750 shares during the period. Raymond James Financial Inc. bought a new stake in shares of NIO in the fourth quarter worth $1,776,000. Bridgewater Associates LP increased its position in shares of NIO by 28.6% during the 4th quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company's stock valued at $5,170,000 after purchasing an additional 263,338 shares during the last quarter. SIH Partners LLLP raised its position in NIO by 23.1% in the fourth quarter. SIH Partners LLLP now owns 933,700 shares of the company's stock worth $4,071,000 after acquiring an additional 175,000 shares during the period. Finally, Trilogy Capital Inc. raised its holdings in NIO by 1,307.5% in the 1st quarter. Trilogy Capital Inc. now owns 144,356 shares of the company's stock worth $550,000 after purchasing an additional 134,100 shares during the period. 48.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NIO shares. Morgan Stanley reiterated a "buy" rating on shares of NIO in a research report on Monday, July 14th. Barclays decreased 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. Citigroup reiterated a "buy" rating on shares of NIO in a research report on Monday, April 28th. The Goldman Sachs Group raised shares of NIO from a "sell" rating to a "neutral" rating and increased their target price for the company from $3.70 to $3.80 in a research note on Tuesday, June 17th. Finally, Mizuho decreased their price target on NIO from $4.00 to $3.50 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $4.74.

NIO Stock Up 3.4%

Shares of NYSE:NIO traded up $0.16 during trading hours on Friday, hitting $4.84. The company's stock had a trading volume of 35,835,825 shares, compared to its average volume of 79,209,104. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of -2.99 and a beta of 1.42. The firm's fifty day moving average price is $3.98 and its 200 day moving average price is $4.07. 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 52 week low of $3.02 and a 52 week high of $7.71.

NIO (NYSE:NIO - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.23). The company had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $12.46 billion. NIO had a negative net margin of 35.51% and a negative return on equity of 286.45%. NIO's revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the firm earned ($2.39) EPS. As a group, research analysts expect that NIO Inc. will post -1.43 EPS for the current 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.