Vontobel Holding Ltd. Sells 239,798 Shares of NIO Inc. (NYSE:NIO)

Vontobel Holding Ltd. lowered its stake in NIO Inc. (NYSE:NIO - Free Report) by 33.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 486,021 shares of the company's stock after selling 239,798 shares during the period. Vontobel Holding Ltd.'s holdings in NIO were worth $1,852,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NIO. US Bancorp DE boosted its holdings in NIO by 10.6% in the fourth quarter. US Bancorp DE now owns 97,406 shares of the company's stock valued at $425,000 after acquiring an additional 9,298 shares in the last quarter. Jones Financial Companies Lllp lifted its position in NIO by 131.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock valued at $33,000 after buying an additional 4,332 shares during the period. Raymond James Financial Inc. purchased a new position in NIO during the fourth quarter valued at $1,776,000. Callan Family Office LLC purchased a new position in NIO during the fourth quarter valued at $44,000. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in NIO during the fourth quarter valued at $67,000. Institutional investors own 48.55% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays lowered their price objective on NIO from $4.00 to $3.00 and set an "underweight" rating for the company in a research report on Wednesday, June 4th. Citigroup reissued a "buy" rating on shares of NIO in a research report on Monday, April 28th. The Goldman Sachs Group raised NIO from a "sell" rating to a "neutral" rating and raised their price objective for the company from $3.70 to $3.80 in a research report on Tuesday, June 17th. Cfra Research raised NIO to a "hold" rating in a research report on Friday, March 21st. Finally, Mizuho lowered their price target on NIO from $4.00 to $3.50 and set a "neutral" rating for the company in a research report on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $4.74.

NIO Price Performance

NIO opened at $3.50 on Friday. The stock has a 50-day moving average price of $3.74 and a 200-day moving average price of $4.06. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.84 and a quick ratio of 0.69. The firm has a market cap of $7.29 billion, a PE ratio of -2.16 and a beta of 1.55. NIO Inc. has a 1 year low of $3.02 and a 1 year high of $7.71.

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

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.

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