Marshall Wace LLP Cuts Holdings in Nio Inc - (NYSE:NIO)

Marshall Wace LLP reduced its holdings in Nio Inc - (NYSE:NIO - Free Report) by 98.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,408,437 shares of the company's stock after selling 83,185,571 shares during the quarter. Marshall Wace LLP owned 0.07% of NIO worth $6,141,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PDS Planning Inc boosted its position in NIO by 13.0% during the 4th quarter. PDS Planning Inc now owns 22,786 shares of the company's stock valued at $99,000 after buying an additional 2,627 shares during the period. Franklin Resources Inc. raised its stake in shares of NIO by 20.4% during the fourth quarter. Franklin Resources Inc. now owns 16,486 shares of the company's stock valued at $72,000 after acquiring an additional 2,788 shares during the last quarter. Perigon Wealth Management LLC raised its stake in shares of NIO by 24.1% during the fourth quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company's stock valued at $61,000 after acquiring an additional 2,867 shares during the last quarter. BSW Wealth Partners boosted its holdings in shares of NIO by 21.4% during the fourth quarter. BSW Wealth Partners now owns 20,423 shares of the company's stock worth $89,000 after purchasing an additional 3,606 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of NIO by 138.5% in the fourth 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. Hedge funds and other institutional investors own 48.55% of the company's stock.

Wall Street Analyst Weigh In

NIO has been the subject of several research analyst reports. JPMorgan Chase & Co. cut NIO from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Mizuho reduced 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 note on Friday, March 21st. Citigroup reaffirmed a "buy" rating on shares of NIO in a research report on Monday. Finally, Hsbc Global Res lowered NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $5.05.

NIO Stock Up 4.3 %

Shares of NIO traded up $0.18 during mid-day trading on Monday, reaching $4.21. The company had a trading volume of 30,115,586 shares, compared to its average volume of 56,131,512. Nio Inc - has a 52 week low of $3.02 and a 52 week high of $7.71. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of -2.78 and a beta of 1.74. The firm has a 50-day moving average price of $4.12 and a 200 day moving average price of $4.46.

NIO (NYSE:NIO - Get Free Report) last released its earnings results on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.14). The company had revenue of $2.70 billion during 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 company's revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company posted ($2.81) earnings per share. On average, sell-side analysts forecast that Nio Inc - will post -1.43 EPS for the current year.

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.