Swedbank AB Lowers Position in NIO Inc. $NIO

Swedbank AB cut its holdings in shares of NIO Inc. (NYSE:NIO - Free Report) by 8.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 982,610 shares of the company's stock after selling 85,500 shares during the quarter. Swedbank AB's holdings in NIO were worth $3,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of NIO. Tempus Wealth Planning LLC lifted its holdings in shares of NIO by 7.4% in the 1st quarter. Tempus Wealth Planning LLC now owns 42,710 shares of the company's stock valued at $163,000 after purchasing an additional 2,943 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of NIO by 4.6% in the 1st quarter. Private Advisor Group LLC now owns 79,500 shares of the company's stock valued at $303,000 after purchasing an additional 3,527 shares during the last quarter. FNY Investment Advisers LLC lifted its holdings in shares of NIO by 2.7% in the 1st quarter. FNY Investment Advisers LLC now owns 149,300 shares of the company's stock valued at $568,000 after purchasing an additional 3,870 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of NIO by 38.0% in the 1st quarter. Cerity Partners LLC now owns 18,999 shares of the company's stock valued at $72,000 after purchasing an additional 5,234 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of NIO by 16.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 37,943 shares of the company's stock valued at $145,000 after purchasing an additional 5,306 shares during the last quarter. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Trading Up 4.3%

NYSE:NIO opened at $6.49 on Tuesday. The company has a market capitalization of $13.55 billion, a PE ratio of -4.06 and a beta of 1.20. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 1.89. NIO Inc. has a 52-week low of $3.02 and a 52-week high of $7.71. The stock has a fifty day simple moving average of $5.15 and a 200-day simple moving average of $4.32.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $20.07 billion. NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.The company's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned ($2.21) EPS. NIO has set its Q3 2025 guidance at EPS. 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 research analysts have commented on NIO shares. Morgan Stanley restated a "buy" rating on shares of NIO in a research note on Monday, July 14th. JPMorgan Chase & Co. upgraded shares of NIO from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $4.80 to $8.00 in a research note on Tuesday, August 26th. Bank of America lifted their price objective on shares of NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. The Goldman Sachs Group upgraded shares of NIO from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $3.70 to $3.80 in a research note on Tuesday, June 17th. Finally, Wall Street Zen upgraded shares of NIO from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $5.83.

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.

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