Hsbc Holdings PLC Sells 1,236,572 Shares of Nio Inc - (NYSE:NIO)

Hsbc Holdings PLC lowered its position in Nio Inc - (NYSE:NIO - Free Report) by 70.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 528,552 shares of the company's stock after selling 1,236,572 shares during the period. Hsbc Holdings PLC's holdings in NIO were worth $2,319,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. SIH Partners LLLP boosted its holdings in NIO by 23.1% in the 4th quarter. SIH Partners LLLP now owns 933,700 shares of the company's stock worth $4,071,000 after buying an additional 175,000 shares during the period. IHT Wealth Management LLC bought a new position in NIO in the 4th quarter worth $57,000. J. Safra Sarasin Holding AG boosted its holdings in NIO by 187.2% in the 4th quarter. J. Safra Sarasin Holding AG now owns 49,094 shares of the company's stock worth $214,000 after buying an additional 32,000 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in NIO by 17.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company's stock worth $94,000 after buying an additional 3,152 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in NIO by 112.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 125,400 shares of the company's stock worth $547,000 after buying an additional 66,321 shares during the period. Institutional investors own 48.55% of the company's stock.

NIO Stock Down 4.5 %

Shares of NYSE NIO opened at $4.05 on Thursday. The firm's 50-day moving average price is $4.11 and its 200-day moving average price is $4.45. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of -2.68 and a beta of 1.74. Nio Inc - has a 12-month low of $3.02 and a 12-month high of $7.71.

NIO (NYSE:NIO - Get Free Report) last announced its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $20.19 billion. During the same period in the previous year, the business earned ($2.81) EPS. The firm's revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities research analysts anticipate that Nio Inc - will post -1.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on NIO shares. Hsbc Global Res downgraded shares of NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. Cfra Research raised shares of NIO to a "hold" rating in a report on Friday, March 21st. JPMorgan Chase & Co. downgraded shares of NIO from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Mizuho dropped their price objective on shares of NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, Citigroup reissued a "buy" rating on shares of NIO in a report on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $5.05.

About NIO

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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