American Century Companies Inc. Increases Holdings in Nio Inc – (NYSE:NIO)

American Century Companies Inc. boosted its stake in shares of Nio Inc – (NYSE:NIO) by 8.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 434,248 shares of the company’s stock after acquiring an additional 33,788 shares during the quarter. American Century Companies Inc.’s holdings in NIO were worth $1,806,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its stake in shares of NIO by 2.5% in the first quarter. Oppenheimer & Co. Inc. now owns 82,353 shares of the company’s stock worth $371,000 after acquiring an additional 2,000 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in NIO by 13.9% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,649 shares of the company’s stock worth $75,000 after purchasing an additional 2,038 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in NIO by 22.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock worth $61,000 after purchasing an additional 2,651 shares during the period. Cantor Fitzgerald L. P. increased its holdings in NIO by 23.0% during the 4th quarter. Cantor Fitzgerald L. P. now owns 14,548 shares of the company’s stock worth $132,000 after purchasing an additional 2,719 shares during the period. Finally, First Affirmative Financial Network boosted its position in shares of NIO by 26.4% during the 1st quarter. First Affirmative Financial Network now owns 13,256 shares of the company’s stock worth $60,000 after acquiring an additional 2,768 shares in the last quarter. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Price Performance

Shares of NIO stock opened at $6.52 on Friday. Nio Inc – has a twelve month low of $3.61 and a twelve month high of $9.57. The stock has a market capitalization of $11.21 billion, a P/E ratio of -3.86 and a beta of 1.82. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The business’s fifty day moving average price is $4.54 and its 200 day moving average price is $4.68.

NIO (NYSE:NIO) last announced its earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($2.21). NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The business had revenue of $17.45 billion for the quarter, compared to analyst estimates of $17.49 billion. During the same period in the previous year, the company earned ($0.51) earnings per share. The company’s revenue for the quarter was up 98.9% compared to the same quarter last year. As a group, research analysts anticipate that Nio Inc – will post -1.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NIO shares. Wolfe Research started coverage on NIO in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Bank of America increased their target price on NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. raised NIO from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $5.30 to $8.00 in a research note on Friday, September 6th. Finally, Citigroup dropped their price target on NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. 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 stock. According to MarketBeat.com, NIO currently has a consensus rating of “Hold” and an average price target of $5.93.

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.