Boothbay Fund Management LLC Sells 701,640 Shares of Nio Inc - (NYSE:NIO)

Boothbay Fund Management LLC cut its stake in shares of Nio Inc - (NYSE:NIO - Free Report) by 81.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. SIH Partners LLLP grew its stake in shares of NIO by 23.1% in the 4th quarter. SIH Partners LLLP now owns 933,700 shares of the company's stock valued at $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 fourth quarter worth approximately $57,000. J. Safra Sarasin Holding AG grew its stake in NIO by 187.2% in the fourth quarter. J. Safra Sarasin Holding AG now owns 49,094 shares of the company's stock valued at $214,000 after acquiring an additional 32,000 shares during the period. TD Waterhouse Canada Inc. increased its holdings in shares of NIO by 17.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 21,653 shares of the company's stock valued at $94,000 after acquiring an additional 3,152 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings 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 valued at $547,000 after acquiring an additional 66,321 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NIO. HSBC downgraded shares of NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. 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 report on Thursday, April 10th. Cfra Research upgraded shares of NIO to a "hold" rating in a report on Friday, March 21st. Citigroup reaffirmed a "buy" rating on shares of NIO in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $5.05.

NIO Stock Up 2.5 %

NYSE:NIO traded up $0.10 on Friday, hitting $4.03. The stock had a trading volume of 27,951,052 shares, compared to its average volume of 55,407,101. Nio Inc - has a 1 year low of $3.02 and a 1 year high of $7.71. The firm's fifty day simple moving average is $4.10 and its two-hundred day simple moving average is $4.41. The stock has a market cap of $8.41 billion, a P/E ratio of -2.67 and a beta of 1.73. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

NIO (NYSE:NIO - Get Free Report) last issued its quarterly 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 business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The business's revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted ($2.81) earnings per share. Analysts predict that Nio Inc - will post -1.43 earnings per share 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.