Nio Inc - (NYSE:NIO) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC lowered its holdings in shares of Nio Inc - (NYSE:NIO - Free Report) by 81.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 162,760 shares of the company's stock after selling 701,640 shares during the quarter. Boothbay Fund Management LLC's holdings in NIO were worth $710,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SIH Partners LLLP raised its position in NIO by 23.1% during the 4th quarter. SIH Partners LLLP now owns 933,700 shares of the company's stock valued at $4,071,000 after purchasing an additional 175,000 shares in the last quarter. IHT Wealth Management LLC bought a new position in NIO in the fourth quarter worth approximately $57,000. J. Safra Sarasin Holding AG boosted its position in NIO by 187.2% during the fourth quarter. J. Safra Sarasin Holding AG now owns 49,094 shares of the company's stock valued at $214,000 after purchasing an additional 32,000 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of NIO by 17.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company's stock worth $94,000 after acquiring an additional 3,152 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of NIO by 112.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 125,400 shares of the company's stock worth $547,000 after purchasing an additional 66,321 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors.

NIO Stock Performance

NIO stock traded down $0.10 during midday trading on Thursday, hitting $3.96. 41,300,467 shares of the stock traded hands, compared to its average volume of 55,689,588. The stock's fifty day simple moving average is $4.10 and its 200-day simple moving average is $4.43. The firm has a market cap of $8.25 billion, a P/E ratio of -2.62 and a beta of 1.74. Nio Inc - has a 1-year low of $3.02 and a 1-year 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.

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

Analyst Ratings Changes

NIO has been the subject of several recent analyst reports. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Cfra Research upgraded shares of NIO to a "hold" rating in a research note on Friday, March 21st. Citigroup reiterated a "buy" rating on shares of NIO in a research note on Monday. Mizuho cut their target price on NIO from $4.20 to $3.50 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Finally, Hsbc Global Res downgraded NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $5.05.

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.