NIO Inc. $NIO Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE significantly reduced its holdings in NIO Inc. by 59.3%, selling 57,720 shares and bringing its total ownership down to 39,686 shares, valued at approximately $151,000.
• Despite the decrease in holdings by some investors, other institutional investors such as Xponance Inc. and Annex Advisory Services LLC have recently made new investments in NIO, reflecting ongoing interest in the stock.
• NIO's latest earnings report revealed a loss of ($0.45) per share, missing analysts' estimates, while the company reported a revenue of $1.66 billion, indicating a 21.5% year-over-year revenue increase.

US Bancorp DE lowered its position in NIO Inc. (NYSE:NIO - Free Report) by 59.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,686 shares of the company's stock after selling 57,720 shares during the quarter. US Bancorp DE's holdings in NIO were worth $151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in 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 purchasing an additional 958,750 shares during the period. SIH Partners LLLP lifted its holdings in NIO by 23.1% during the fourth quarter. SIH Partners LLLP now owns 933,700 shares of the company's stock valued at $4,071,000 after purchasing an additional 175,000 shares during the last quarter. Raymond James Financial Inc. purchased a new position in NIO in the 4th quarter valued at approximately $1,776,000. WMG Financial Advisors LLC increased its position in shares of NIO by 5.6% during the first quarter. WMG Financial Advisors LLC now owns 402,796 shares of the company's stock valued at $1,535,000 after buying an additional 21,261 shares during the period. Finally, FNY Investment Advisers LLC increased its position in shares of NIO by 2.7% during the first quarter. FNY Investment Advisers LLC now owns 149,300 shares of the company's stock valued at $568,000 after buying an additional 3,870 shares during the period. Institutional investors and hedge funds own 48.55% of the company's stock.

NIO Trading Up 0.1%

NIO traded up $0.0050 during trading hours on Wednesday, reaching $5.0750. 45,885,523 shares of the company's stock traded hands, compared to its average volume of 63,089,676. NIO Inc. has a 52-week low of $3.02 and a 52-week high of $7.71. The firm has a market capitalization of $10.59 billion, a PE ratio of -3.13 and a beta of 1.42. The firm has a 50-day moving average price of $4.16 and a 200 day moving average price of $4.09. The company has a quick ratio of 0.69, a current ratio of 0.84 and a debt-to-equity ratio of 1.89.

NIO (NYSE:NIO - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.23). The firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $12.46 billion. NIO had a negative return on equity of 286.45% and a negative net margin of 35.51%.NIO's quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($2.39) earnings per share. NIO has set its Q2 2025 guidance at EPS. As a group, sell-side analysts predict that NIO Inc. will post -1.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NIO has been the topic of several research analyst reports. The Goldman Sachs Group upgraded shares of NIO from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $3.70 to $3.80 in a research report on Tuesday, June 17th. Morgan Stanley reaffirmed a "buy" rating on shares of NIO in a research note on Monday, July 14th. Mizuho dropped 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. Citigroup restated a "buy" rating on shares of NIO in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. increased their price objective on NIO from $4.10 to $4.80 and gave the company a "neutral" rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.