23,693 Shares in Nio Inc – (NYSE:NIO) Acquired by Ballentine Partners LLC

Ballentine Partners LLC purchased a new stake in Nio Inc – (NYSE:NIO) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,693 shares of the company’s stock, valued at approximately $107,000.

Several other institutional investors also recently modified their holdings of NIO. PNC Financial Services Group Inc. increased its holdings in shares of NIO by 7.8% in the third quarter. PNC Financial Services Group Inc. now owns 31,177 shares of the company’s stock valued at $282,000 after buying an additional 2,248 shares in the last quarter. Mariner LLC increased its holdings in shares of NIO by 11.4% in the third quarter. Mariner LLC now owns 82,747 shares of the company’s stock valued at $748,000 after buying an additional 8,439 shares in the last quarter. Federated Hermes Inc. bought a new position in shares of NIO in the third quarter valued at $461,000. O Shaughnessy Asset Management LLC acquired a new stake in NIO during the 3rd quarter valued at $120,000. Finally, Insigneo Advisory Services LLC lifted its holdings in shares of NIO by 89.2% in the third quarter. Insigneo Advisory Services LLC now owns 96,736 shares of the company’s stock valued at $874,000 after purchasing an additional 45,594 shares in the last quarter. Institutional investors own 48.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Bank of America increased their target price on NIO from $5.90 to $6.00 and gave the company a “neutral” rating in a report on Friday, June 7th. UBS Group lowered their target price on shares of NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Sanford C. Bernstein lowered their target price on shares of NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. JPMorgan Chase & Co. raised shares of NIO from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $4.80 to $5.40 in a research report on Wednesday, May 15th. Finally, Citigroup lowered their price target on NIO from $10.40 to $8.50 and set a “buy” rating on the stock in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7.55.

NIO Stock Down 5.3 %

NYSE NIO opened at $4.40 on Friday. The stock has a market cap of $7.56 billion, a PE ratio of -2.60 and a beta of 1.80. The firm has a 50-day simple moving average of $4.85 and a 200 day simple moving average of $5.72. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 1.15. Nio Inc – has a twelve month low of $3.61 and a twelve month high of $16.18.

NIO (NYSE:NIO) last posted its quarterly earnings data on Thursday, June 6th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.05). The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.48 billion. NIO had a negative return on equity of 111.91% and a negative net margin of 39.38%. On average, research analysts forecast that Nio Inc – will post -1.41 EPS for the current year.

NIO 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.