Ballentine Partners LLC Buys 2,482 Shares of Nio Inc – (NYSE:NIO)

Ballentine Partners LLC lifted its stake in shares of Nio Inc – (NYSE:NIO) by 11.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,020 shares of the company’s stock after acquiring an additional 2,482 shares during the period. Ballentine Partners LLC’s holdings in NIO were worth $160,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in NIO by 23.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,317,758 shares of the company’s stock valued at $10,430,000 after purchasing an additional 439,474 shares in the last quarter. SG Americas Securities LLC grew its position in NIO by 64.6% in the first quarter. SG Americas Securities LLC now owns 1,895,544 shares of the company’s stock valued at $8,530,000 after purchasing an additional 744,067 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in NIO by 2.5% in the first quarter. Oppenheimer & Co. Inc. now owns 82,353 shares of the company’s stock valued at $371,000 after purchasing an additional 2,000 shares in the last quarter. SIH Partners LLLP grew its position in NIO by 207.2% in the first quarter. SIH Partners LLLP now owns 325,220 shares of the company’s stock valued at $1,463,000 after purchasing an additional 219,350 shares in the last quarter. Finally, Redwood Wealth Management Group LLC grew its position in NIO by 6.9% in the first quarter. Redwood Wealth Management Group LLC now owns 53,632 shares of the company’s stock valued at $241,000 after purchasing an additional 3,450 shares in the last quarter. Institutional investors own 48.55% of the company’s stock.

NIO Stock Performance

Shares of NIO stock opened at $5.60 on Wednesday. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of -3.31 and a beta of 1.86. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.11. The company has a 50-day simple moving average of $5.33 and a 200 day simple moving average of $4.85. Nio Inc – has a 52 week low of $3.61 and a 52 week high of $9.57.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on NIO shares. Macquarie raised shares of NIO from a “neutral” rating to an “outperform” rating and set a $6.60 target price for the company in a research report on Monday. Citigroup decreased their price objective on shares of NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Wolfe Research assumed coverage on shares of NIO in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $5.30 to $8.00 in a research report on Friday, September 6th. Finally, Bank of America lifted their price objective on shares of NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.11.

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.