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

SG Americas Securities LLC raised its holdings in shares of Nio Inc - (NYSE:NIO - Free Report) by 83.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,109,761 shares of the company's stock after purchasing an additional 958,750 shares during the period. SG Americas Securities LLC owned 0.10% of NIO worth $8,038,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trexquant Investment LP bought a new stake in shares of NIO during the fourth quarter valued at approximately $3,305,000. Raymond James Financial Inc. bought a new stake in shares of NIO during the fourth quarter valued at approximately $1,776,000. AI Squared Management Ltd bought a new stake in shares of NIO during the fourth quarter valued at approximately $1,491,000. SBI Securities Co. Ltd. bought a new stake in shares of NIO during the fourth quarter valued at approximately $1,360,000. Finally, Arizona PSPRS Trust bought a new stake in shares of NIO during the fourth quarter valued at approximately $1,330,000. Institutional investors own 48.55% of the company's stock.

NIO Stock Performance

Shares of NIO stock traded down $0.11 on Friday, hitting $3.52. 39,184,600 shares of the company's stock were exchanged, compared to its average volume of 52,902,642. The company has a 50-day simple moving average of $3.78 and a 200-day simple moving average of $4.17. The stock has a market capitalization of $7.34 billion, a PE ratio of -2.33 and a beta of 1.62. Nio Inc - has a 1 year low of $3.02 and a 1 year high of $7.71. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

NIO (NYSE:NIO - Get Free Report) last released its earnings results 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). The firm had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $12.46 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($2.39) EPS. As a group, equities analysts anticipate that Nio Inc - will post -1.43 EPS for the current year.

Analyst Ratings Changes

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

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.