124,000 Shares in Nio Inc - (NYSE:NIO) Acquired by J. Goldman & Co LP

J. Goldman & Co LP purchased a new stake in Nio Inc - (NYSE:NIO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 124,000 shares of the company's stock, valued at approximately $541,000.

A number of other institutional investors have also recently added to or reduced their stakes in NIO. Blue Trust Inc. boosted its stake in NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock worth $27,000 after purchasing an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in NIO by 131.8% during the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock worth $33,000 after purchasing an additional 4,332 shares during the last quarter. Callan Family Office LLC acquired a new stake in NIO during the 4th quarter worth $44,000. Sava Infond d.o.o. acquired a new stake in NIO during the 4th quarter worth $44,000. Finally, Trilogy Capital Inc. acquired a new stake in NIO during the 4th quarter worth $45,000. Institutional investors and hedge funds own 48.55% of the company's stock.

NIO Trading Down 1.7%

NYSE:NIO traded down $0.07 on Tuesday, reaching $4.13. 27,899,805 shares of the company's stock were exchanged, compared to its average volume of 54,689,493. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of -2.74 and a beta of 1.73. The business has a fifty day moving average of $4.03 and a 200-day moving average of $4.36. Nio Inc - has a 52-week low of $3.02 and a 52-week high of $7.71.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly earnings results on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). The business had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm's revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned ($2.81) earnings per share. As a group, analysts expect that Nio Inc - will post -1.43 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Mizuho lowered their price target on shares of NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Cfra Research raised shares of NIO to a "hold" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. cut shares of NIO from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Finally, Citigroup reissued a "buy" rating on shares of NIO in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $5.05.

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.