Baillie Gifford & Co. Sells 268,515 Shares of Nio Inc - (NYSE:NIO)

Baillie Gifford & Co. decreased its holdings in shares of Nio Inc - (NYSE:NIO - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,635,802 shares of the company's stock after selling 268,515 shares during the period. Baillie Gifford & Co. owned approximately 6.67% of NIO worth $1,039,747,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of NIO by 2.7% in the 1st quarter. BlackRock Inc. now owns 61,959,482 shares of the company's stock worth $651,194,000 after acquiring an additional 1,600,520 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of NIO by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 51,370,117 shares of the company's stock worth $810,108,000 after acquiring an additional 1,113,194 shares in the last quarter. Norges Bank bought a new stake in shares of NIO in the 4th quarter worth $155,344,000. Legal & General Group Plc grew its stake in shares of NIO by 0.8% in the 4th quarter. Legal & General Group Plc now owns 11,086,052 shares of the company's stock worth $108,089,000 after acquiring an additional 92,662 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of NIO by 20.8% in the 1st quarter. First Trust Advisors LP now owns 8,128,289 shares of the company's stock worth $171,100,000 after acquiring an additional 1,399,601 shares in the last quarter. Institutional investors and hedge funds own 48.55% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NIO shares. Mizuho reiterated a "neutral" rating and issued a $5.50 target price on shares of NIO in a research note on Monday, March 25th. Bank of America reduced their price target on shares of NIO from $7.50 to $6.50 and set a "neutral" rating for the company in a research report on Wednesday, March 6th. Sanford C. Bernstein reduced their price target on shares of NIO from $7.50 to $5.50 and set a "market perform" rating for the company in a research report on Thursday, March 7th. Jefferies Financial Group reduced their price target on shares of NIO from $8.30 to $5.90 and set a "hold" rating for the company in a research report on Wednesday, March 6th. Finally, Barclays restated an "underweight" rating and set a $4.00 price target (down previously from $5.00) on shares of NIO in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, NIO has an average rating of "Hold" and a consensus target price of $8.74.

NIO Stock Performance

NYSE NIO traded up $0.34 during trading on Tuesday, hitting $4.71. 76,448,055 shares of the company's stock traded hands, compared to its average volume of 57,332,984. The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of -2.69 and a beta of 1.93. Nio Inc - has a 12-month low of $4.36 and a 12-month high of $16.18. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.22. The business has a 50 day moving average of $5.44 and a 200-day moving average of $6.94.

NIO (NYSE:NIO - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing the consensus estimate of ($2.39) by ($0.42). The business had revenue of $17.10 billion for the quarter, compared to analysts' expectations of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. NIO's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned ($0.51) earnings per share. As a group, equities research analysts anticipate that Nio Inc - will post -1.26 earnings per share for the current fiscal 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.