Signaturefd LLC Acquires 7,014 Shares of Nio Inc – (NYSE:NIO)

Signaturefd LLC grew its position in Nio Inc – (NYSE:NIO) by 16.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,604 shares of the company’s stock after acquiring an additional 7,014 shares during the quarter. Signaturefd LLC’s holdings in NIO were worth $325,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. raised its holdings in shares of NIO by 164.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 6,464,246 shares of the company’s stock worth $26,891,000 after buying an additional 4,018,659 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of NIO by 28.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 2,431,771 shares of the company’s stock worth $10,950,000 after purchasing an additional 535,400 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of NIO by 23.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,317,758 shares of the company’s stock worth $10,430,000 after purchasing an additional 439,474 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of NIO by 64.6% in the 1st quarter. SG Americas Securities LLC now owns 1,895,544 shares of the company’s stock worth $8,530,000 after purchasing an additional 744,067 shares during the last quarter. Finally, Krane Funds Advisors LLC lifted its holdings in NIO by 31.7% during the second quarter. Krane Funds Advisors LLC now owns 1,538,781 shares of the company’s stock worth $6,401,000 after acquiring an additional 370,556 shares in the last quarter. Institutional investors own 48.55% of the company’s stock.

NIO Price Performance

Shares of NYSE NIO opened at $5.26 on Friday. Nio Inc – has a 1 year low of $3.61 and a 1 year high of $9.57. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 1.01. The company’s 50-day moving average is $5.29 and its 200 day moving average is $4.84. The stock has a market capitalization of $9.04 billion, a P/E ratio of -3.11 and a beta of 1.86.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NIO shares. Citigroup dropped their price target on NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Wolfe Research assumed coverage on NIO in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. upgraded NIO from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $5.30 to $8.00 in a report on Friday, September 6th. Bank of America boosted their price target on NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Finally, Daiwa America upgraded shares of NIO to a “strong-buy” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NIO presently has a consensus rating of “Hold” and an average price target of $5.93.

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.