Vontobel Holding Ltd. Purchases 608,377 Shares of NIO Inc. $NIO

Key Points

• Vontobel Holding Ltd. significantly increased its stake in NIO Inc. by 125.2% in Q2, acquiring a total of 1,094,398 shares valued at approximately $3.75 million.
• NIO has received various upgrades from analysts, with JPMorgan raising its target price from $4.80 to $8.00, and several others upgrading their ratings, indicating a positive shift in market sentiment.
• Despite reporting a quarterly loss of ($0.32) EPS and revenue of $2.65 billion, NIO's stock has shown a year-over-year revenue increase of 9.0%.

Vontobel Holding Ltd. lifted its position in NIO Inc. (NYSE:NIO - Free Report) by 125.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,094,398 shares of the company's stock after acquiring an additional 608,377 shares during the quarter. Vontobel Holding Ltd. owned 0.05% of NIO worth $3,754,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Xponance Inc. bought a new stake in shares of NIO in the first quarter valued at about $39,000. Blueshift Asset Management LLC bought a new stake in shares of NIO in the first quarter valued at about $43,000. May Hill Capital LLC bought a new stake in shares of NIO in the first quarter valued at about $48,000. Concurrent Investment Advisors LLC bought a new stake in shares of NIO in the first quarter valued at about $50,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of NIO in the second quarter valued at about $56,000. 48.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NIO has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of NIO from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $4.80 to $8.00 in a report on Tuesday, August 26th. Morgan Stanley reiterated a "buy" rating on shares of NIO in a report on Monday, July 14th. Weiss Ratings reiterated a "sell (e+)" rating on shares of NIO in a report on Wednesday. UBS Group upgraded shares of NIO from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $6.20 to $8.50 in a report on Tuesday, September 16th. Finally, Wall Street Zen upgraded shares of NIO from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $6.35.

NIO Stock Performance

Shares of NIO stock opened at $6.72 on Friday. NIO Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $8.02. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of -4.20 and a beta of 1.30. The stock's 50-day simple moving average is $6.27 and its 200-day simple moving average is $4.68.

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