Nio Inc - (NYSE:NIO) Shares Bought by SIH Partners LLLP

SIH Partners LLLP grew its position in Nio Inc - (NYSE:NIO - Free Report) by 23.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 933,700 shares of the company's stock after acquiring an additional 175,000 shares during the quarter. NIO accounts for 0.2% of SIH Partners LLLP's portfolio, making the stock its 28th biggest holding. SIH Partners LLLP's holdings in NIO were worth $4,071,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bridgewater Associates LP lifted its holdings in shares of NIO by 28.6% in the 4th quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company's stock worth $5,170,000 after acquiring an additional 263,338 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of NIO by 104.8% during the fourth quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company's stock valued at $5,018,000 after buying an additional 589,082 shares during the last quarter. Swedbank AB boosted its stake in shares of NIO by 0.8% during the fourth quarter. Swedbank AB now owns 1,068,110 shares of the company's stock valued at $4,657,000 after purchasing an additional 9,000 shares during the period. Trexquant Investment LP bought a new position in NIO in the 4th quarter worth about $3,305,000. Finally, Handelsbanken Fonder AB grew its stake in NIO by 27.7% in the fourth quarter. Handelsbanken Fonder AB now owns 726,014 shares of the company's stock worth $3,165,000 after purchasing an additional 157,333 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NIO has been the topic of several research reports. Citigroup cut their price target on NIO from $8.90 to $8.10 and set a "buy" rating on the stock in a research note on Monday, March 24th. JPMorgan Chase & Co. cut shares of NIO from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Mizuho reduced their price objective on shares of NIO from $4.20 to $3.50 and set a "neutral" rating for the company in a research note on Thursday, April 10th. HSBC cut NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, Cfra Research upgraded NIO to a "hold" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $5.05.

NIO Stock Down 3.3 %

NIO stock traded down $0.14 during midday trading on Friday, reaching $4.04. The company's stock had a trading volume of 39,484,261 shares, compared to its average volume of 56,238,233. 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 current ratio of 1.04 and a quick ratio of 0.93. The stock has a market capitalization of $8.43 billion, a P/E ratio of -2.68 and a beta of 1.74. The stock's 50-day simple moving average is $4.12 and its 200-day simple moving average is $4.49.

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). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same quarter in the previous year, the company posted ($2.81) EPS. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. On average, sell-side analysts expect that Nio Inc - will post -1.43 EPS for the current year.

NIO 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.