WT Asset Management Ltd Has $64.32 Million Stock Position in NIO Inc. $NIO

Key Points

• WT Asset Management cut its NIO stake by 32.4% in Q4, selling 6,039,704 shares and now holds 12,611,190 shares worth about $64.32 million, equal to roughly 0.60% of NIO and the firm's 15th-largest holding.
• NIO is trading near $6.23 with a market cap of $14.3B; the company reported quarterly revenue of $4.95B and EPS of $0.04 but has a negative net margin (‑17.21%) and very negative ROE (‑924.56%), while analysts' consensus is a Hold with a $6.80 price target.

WT Asset Management Ltd reduced its stake in NIO Inc. (NYSE:NIO - Free Report) by 32.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,611,190 shares of the company's stock after selling 6,039,704 shares during the period. NIO makes up approximately 2.6% of WT Asset Management Ltd's holdings, making the stock its 15th largest holding. WT Asset Management Ltd owned approximately 0.60% of NIO worth $64,317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gladstone Institutional Advisory LLC lifted its holdings in shares of NIO by 12.8% during the third quarter. Gladstone Institutional Advisory LLC now owns 13,231 shares of the company's stock valued at $101,000 after acquiring an additional 1,500 shares during the period. MGO One Seven LLC grew its stake in NIO by 10.6% during the third quarter. MGO One Seven LLC now owns 16,208 shares of the company's stock worth $124,000 after buying an additional 1,560 shares during the last quarter. Insigneo Advisory Services LLC increased its holdings in shares of NIO by 4.4% during the third quarter. Insigneo Advisory Services LLC now owns 43,067 shares of the company's stock worth $328,000 after buying an additional 1,806 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of NIO by 0.9% in the 2nd quarter. Tidal Investments LLC now owns 287,140 shares of the company's stock worth $985,000 after acquiring an additional 2,433 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in NIO by 11.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 24,884 shares of the company's stock valued at $127,000 after purchasing an additional 2,586 shares in the last quarter. Institutional investors own 48.55% of the company's stock.

NIO Price Performance

Shares of NIO stock opened at $6.23 on Friday. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of -6.42 and a beta of 0.99. NIO Inc. has a 12 month low of $3.34 and a 12 month high of $8.02. The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. The stock has a 50-day moving average price of $5.72 and a 200 day moving average price of $5.64.

NIO (NYSE:NIO - Get Free Report) last released its earnings results on Saturday, February 14th. The company reported $0.04 earnings per share (EPS) for the quarter. NIO had a negative net margin of 17.21% and a negative return on equity of 924.56%. The company had revenue of $4.95 billion for the quarter. Research analysts expect that NIO Inc. will post -0.28 EPS for the current year.

Analysts Set New Price Targets

NIO has been the subject of a number of research analyst reports. Macquarie Infrastructure raised NIO from a "neutral" rating to an "outperform" rating and set a $6.10 price target for the company in a report on Thursday, January 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of NIO in a research report on Monday, December 29th. Nomura raised shares of NIO from a "neutral" rating to a "buy" rating and set a $6.60 price target on the stock in a research note on Wednesday, March 11th. Dbs Bank raised shares of NIO from a "hold" rating to a "moderate buy" rating in a report on Monday, March 16th. Finally, Bank of America restated a "neutral" rating on shares of NIO in a research report on Tuesday, March 10th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $6.80.

NIO Company Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO's vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company's product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.

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