Nio Inc – (NYSE:NIO) Stake Lifted by AMF Tjanstepension AB

AMF Tjanstepension AB lifted its holdings in Nio Inc – (NYSE:NIO) by 132.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,562,200 shares of the company’s stock after purchasing an additional 889,900 shares during the quarter. AMF Tjanstepension AB’s holdings in NIO were worth $7,030,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NIO. Hsbc Holdings PLC increased its holdings in shares of NIO by 238.6% during the fourth quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock valued at $64,070,000 after purchasing an additional 4,976,403 shares during the period. Electron Capital Partners LLC acquired a new position in shares of NIO during the third quarter valued at $37,918,000. Quadrature Capital Ltd acquired a new position in shares of NIO during the fourth quarter valued at $12,361,000. Norges Bank bought a new position in NIO during the fourth quarter valued at about $9,652,000. Finally, Linden Advisors LP bought a new position in NIO during the third quarter valued at about $8,972,000. 48.55% of the stock is owned by institutional investors and hedge funds.

NIO Stock Down 5.2 %

Shares of NIO stock opened at $4.16 on Friday. The stock’s 50 day simple moving average is $4.86 and its 200 day simple moving average is $5.69. 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. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of -2.46 and a beta of 1.80.

NIO (NYSE:NIO) last issued its quarterly earnings results on Thursday, June 6th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.05). The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.48 billion. NIO had a negative return on equity of 111.91% and a negative net margin of 39.38%. As a group, research analysts predict that Nio Inc – will post -1.41 EPS for the current year.

Analyst Upgrades and Downgrades

NIO has been the subject of several research reports. UBS Group decreased their target price on NIO from $8.00 to $7.20 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Sanford C. Bernstein decreased their price objective on NIO from $7.50 to $5.50 and set a “market perform” rating for the company in a research report on Thursday, March 7th. Bank of America raised their price target on NIO from $5.90 to $6.00 and gave the stock a “neutral” rating in a research note on Friday, June 7th. Barclays reaffirmed an “underweight” rating and set a $4.00 price target (down from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. Finally, Citigroup cut their price target on NIO from $10.40 to $8.50 and set a “buy” rating for the company in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.55.

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.