SG Americas Securities LLC Increases Position in Nio Inc - (NYSE:NIO)

SG Americas Securities LLC grew its stake in shares of Nio Inc - (NYSE:NIO - Free Report) by 83.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 2,109,761 shares of the company's stock after acquiring an additional 958,750 shares during the quarter. SG Americas Securities LLC owned about 0.10% of NIO worth $8,038,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NIO. SBI Securities Co. Ltd. acquired a new position in NIO during the 4th quarter worth about $1,360,000. SIH Partners LLLP increased its holdings in NIO by 23.1% during the 4th quarter. SIH Partners LLLP now owns 933,700 shares of the company's stock worth $4,071,000 after purchasing an additional 175,000 shares in the last quarter. Arizona PSPRS Trust bought a new position in shares of NIO during the fourth quarter valued at about $1,330,000. Raymond James Financial Inc. bought a new position in NIO in the 4th quarter valued at $1,776,000. Finally, Bridgewater Associates LP grew 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 acquiring an additional 263,338 shares during the period. Institutional investors and hedge funds own 48.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NIO shares. Citigroup reaffirmed a "buy" rating on shares of NIO in a report on Monday, April 28th. Barclays decreased their price target on NIO from $4.00 to $3.00 and set an "underweight" rating on the stock in a research note on Wednesday, June 4th. Mizuho dropped their target price 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. Finally, Cfra Research upgraded shares of NIO to a "hold" rating in a report on Friday, March 21st. Two research analysts have 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $4.76.

NIO Stock Down 3.2%

NIO stock traded down $0.12 during mid-day trading on Thursday, hitting $3.62. The company had a trading volume of 22,431,301 shares, compared to its average volume of 52,737,385. The stock's 50 day moving average price is $3.77 and its two-hundred day moving average price is $4.19. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $7.56 billion, a PE ratio of -2.40 and a beta of 1.62. Nio Inc - has a 12 month low of $3.02 and a 12 month high of $7.71.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings data 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). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. 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 posted ($2.39) earnings per share. The business's revenue was up 21.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nio Inc - will post -1.43 earnings per share for the current fiscal year.

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.