Swedbank AB Sells 717,921 Shares of NIO Inc. $NIO

Key Points

• Swedbank AB has reduced its stake in NIO Inc. by 73.1%, selling 717,921 shares, and now holds 264,689 shares valued at approximately $908,000.
• UBS Group has upgraded NIO's rating from "neutral" to "buy" with a price target increase from $6.20 to $8.50, signaling positive sentiment among analysts.
• NIO's recent quarterly earnings report revealed a loss of ($0.32) EPS, missing expectations, while revenue grew by 9.0% year-over-year to $2.65 billion.

Swedbank AB trimmed its position in NIO Inc. (NYSE:NIO - Free Report) by 73.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 264,689 shares of the company's stock after selling 717,921 shares during the period. Swedbank AB's holdings in NIO were worth $908,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of NIO by 3,966.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company's stock valued at $20,255,000 after acquiring an additional 5,185,565 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of NIO by 83.3% in the 1st quarter. SG Americas Securities LLC now owns 2,109,761 shares of the company's stock valued at $8,038,000 after buying an additional 958,750 shares during the period. Hsbc Holdings PLC boosted its stake in NIO by 96.6% during the 1st quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company's stock valued at $3,964,000 after purchasing an additional 510,610 shares during the last quarter. Trilogy Capital Inc. boosted its stake in NIO by 1,307.5% during the 1st quarter. Trilogy Capital Inc. now owns 144,356 shares of the company's stock valued at $550,000 after purchasing an additional 134,100 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of NIO by 18.0% in the 1st quarter. American Century Companies Inc. now owns 702,772 shares of the company's stock worth $2,678,000 after buying an additional 107,239 shares during the last quarter. Institutional investors and hedge funds own 48.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group raised shares of NIO from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $6.20 to $8.50 in a report on Tuesday, September 16th. Bank of America upped their price target on shares of NIO from $5.00 to $7.10 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Morgan Stanley reiterated a "buy" rating on shares of NIO in a report on Monday, July 14th. Wall Street Zen raised shares of NIO from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Finally, The Goldman Sachs Group raised shares of NIO from a "sell" rating to a "neutral" rating and raised their target price for the company from $3.70 to $3.80 in a research note on Tuesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $6.16.

NIO Stock Performance

NIO stock opened at $6.92 on Tuesday. The company's 50-day moving average price is $5.50 and its 200-day moving average price is $4.43. NIO Inc. has a twelve month low of $3.02 and a twelve month high of $7.71. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 1.89. The company has a market cap of $14.43 billion, a PE ratio of -4.32 and a beta of 1.20.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings results on Tuesday, September 2nd. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.30) by ($0.02). NIO had a negative return on equity of 589.46% and a negative net margin of 34.71%.The firm had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $20.07 billion. During the same period in the prior year, the firm posted ($2.21) earnings per share. NIO's revenue for the quarter was up 9.0% on a year-over-year basis. NIO has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that NIO Inc. will post -1.43 EPS 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.

Want to see what other hedge funds are holding NIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIO Inc. (NYSE:NIO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.