Two Sigma Securities LLC Sells 147,789 Shares of Nio Inc - (NYSE:NIO)

Two Sigma Securities LLC decreased its position in shares of Nio Inc - (NYSE:NIO - Free Report) by 64.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,540 shares of the company's stock after selling 147,789 shares during the quarter. Two Sigma Securities LLC's holdings in NIO were worth $360,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in NIO by 138.5% in 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 in the last quarter. Jones Financial Companies Lllp grew its holdings 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 purchasing an additional 4,332 shares during the last quarter. Callan Family Office LLC bought a new position in NIO in the 4th quarter valued at approximately $44,000. Sava Infond d.o.o. acquired a new stake in NIO in the fourth quarter valued at approximately $44,000. Finally, Trilogy Capital Inc. bought a new stake in shares of NIO during the fourth quarter worth $45,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Trading Down 4.5 %

NIO stock traded down $0.19 during trading hours on Wednesday, reaching $4.05. 29,702,552 shares of the company's stock were exchanged, compared to its average volume of 56,101,905. The firm's 50 day simple moving average is $4.12 and its 200 day simple moving average is $4.45. Nio Inc - has a twelve month low of $3.02 and a twelve month high of $7.71. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $8.45 billion, a PE ratio of -2.68 and a beta of 1.74.

NIO (NYSE:NIO - Get Free Report) last released its 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 business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same period in the prior year, the business earned ($2.81) EPS. The company's revenue for the quarter was up 15.2% on a year-over-year basis. Research analysts predict that Nio Inc - will post -1.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Cfra Research upgraded NIO to a "hold" rating in a research report on Friday, March 21st. Citigroup reaffirmed a "buy" rating on shares of NIO in a research note on Monday. Mizuho cut 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. JPMorgan Chase & Co. downgraded shares of NIO from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Finally, HSBC cut shares of NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $5.05.

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.