4,194,439 Shares in Nio Inc - (NYSE:NIO) Purchased by Electron Capital Partners LLC

Electron Capital Partners LLC acquired a new position in shares of Nio Inc - (NYSE:NIO - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,194,439 shares of the company's stock, valued at approximately $37,918,000. NIO makes up approximately 1.7% of Electron Capital Partners LLC's portfolio, making the stock its 22nd biggest holding. Electron Capital Partners LLC owned 0.24% of NIO as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NIO. E Fund Management Hong Kong Co. Ltd. raised its stake in NIO by 127.6% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 770,160 shares of the company's stock worth $15,172,000 after acquiring an additional 431,851 shares in the last quarter. US Bancorp DE increased its stake in shares of NIO by 19.9% in the first quarter. US Bancorp DE now owns 18,593 shares of the company's stock valued at $392,000 after buying an additional 3,092 shares in the last quarter. Cibc World Market Inc. increased its stake in shares of NIO by 23.6% in the first quarter. Cibc World Market Inc. now owns 38,708 shares of the company's stock valued at $815,000 after buying an additional 7,396 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of NIO by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,705,563 shares of the company's stock valued at $57,007,000 after buying an additional 48,720 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of NIO by 45.6% in the first quarter. Sei Investments Co. now owns 338,913 shares of the company's stock valued at $7,134,000 after buying an additional 106,140 shares in the last quarter. 42.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. lowered NIO from a "neutral" rating to an "underweight" rating and lowered their price objective for the stock from $8.50 to $5.00 in a research report on Friday, February 23rd. Mizuho lowered their price objective on NIO from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, December 6th. The Goldman Sachs Group assumed coverage on NIO in a research report on Wednesday, January 3rd. They issued a "neutral" rating for the company. Finally, Bank of America lowered NIO from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $12.25.

NIO Stock Down 5.9 %

NYSE NIO traded down $0.34 during trading on Wednesday, hitting $5.44. The stock had a trading volume of 51,145,718 shares, compared to its average volume of 58,018,977. The company has a market capitalization of $9.35 billion, a PE ratio of -3.00 and a beta of 1.98. The company's 50-day moving average price is $6.82 and its two-hundred day moving average price is $8.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.97 and a current ratio of 1.09. Nio Inc - has a 12 month low of $5.30 and a 12 month high of $16.18.

NIO (NYSE:NIO - Get Free Report) last posted its quarterly earnings results on Tuesday, December 5th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.06. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.63 billion. NIO had a negative return on equity of 114.38% and a negative net margin of 39.26%. As a group, sell-side analysts forecast that Nio Inc - will post -1.65 EPS for the current year.

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.

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