Tower Research Capital LLC TRC Grows Position in Nio Inc - (NYSE:NIO)

Tower Research Capital LLC TRC boosted its stake in shares of Nio Inc - (NYSE:NIO - Free Report) by 112.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 125,400 shares of the company's stock after purchasing an additional 66,321 shares during the period. Tower Research Capital LLC TRC's holdings in NIO were worth $547,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its position in NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock valued at $27,000 after buying an additional 3,607 shares during the period. Jones Financial Companies Lllp grew its position in shares of NIO by 131.8% during the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company's stock valued at $33,000 after acquiring an additional 4,332 shares during the period. Sava Infond d.o.o. purchased a new position in shares of NIO in the 4th quarter valued at about $44,000. Callan Family Office LLC purchased a new position in NIO during the fourth quarter worth approximately $44,000. Finally, Trilogy Capital Inc. acquired a new stake in NIO in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 48.55% of the company's stock.

Wall Street Analysts Forecast Growth

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

NIO Price Performance

Shares of NYSE:NIO traded down $0.19 during midday trading on Wednesday, hitting $4.05. The company had a trading volume of 31,420,980 shares, compared to its average volume of 56,102,646. The business's 50-day simple moving average is $4.12 and its 200-day simple moving average is $4.45. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of -2.68 and a beta of 1.74. 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 Inc - has a twelve month low of $3.02 and a twelve month high of $7.71.

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