Nio Inc - (NYSE:NIO) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC grew its position in shares of Nio Inc - (NYSE:NIO - Free Report) by 183.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 244,402 shares of the company's stock after purchasing an additional 158,231 shares during the quarter. Fisher Asset Management LLC's holdings in NIO were worth $2,217,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NIO. Bfsg LLC purchased a new position in shares of NIO in the fourth quarter worth about $33,000. Rakuten Securities Inc. bought a new stake in NIO in the fourth quarter valued at approximately $38,000. Peoples Bank KS purchased a new stake in shares of NIO during the third quarter valued at approximately $46,000. Fountainhead AM LLC purchased a new stake in shares of NIO during the third quarter valued at approximately $91,000. Finally, First Affirmative Financial Network bought a new position in shares of NIO in the fourth quarter worth approximately $95,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Stock Up 2.1 %

NIO traded up $0.11 during trading on Thursday, reaching $5.33. The stock had a trading volume of 34,541,992 shares, compared to its average volume of 56,817,547. Nio Inc - has a one year low of $3.61 and a one year high of $16.18. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of -3.04 and a beta of 1.92. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The stock's 50 day moving average is $4.91 and its two-hundred day moving average is $6.37.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on NIO. Barclays reiterated an "underweight" rating and set a $4.00 price target (down from $5.00) on shares of NIO in a report on Tuesday, April 2nd. Bank of America cut their target price on NIO from $7.50 to $6.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 6th. JPMorgan Chase & Co. dropped their price objective on NIO from $5.00 to $4.80 and set an "underweight" rating for the company in a report on Wednesday, March 6th. Sanford C. Bernstein reduced their target price on NIO from $7.50 to $5.50 and set a "market perform" rating on the stock in a research note on Thursday, March 7th. Finally, Jefferies Financial Group dropped their price target on NIO from $8.30 to $5.90 and set a "hold" rating for the company in a research note on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $8.43.

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.