Mitsubishi UFJ Asset Management Co. Ltd. Cuts Position in NIO Inc. $NIO

Mitsubishi UFJ Asset Management Co. Ltd. lowered its holdings in NIO Inc. (NYSE:NIO) by 1.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 614,864 shares of the company’s stock after selling 10,015 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in NIO were worth $2,109,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in NIO. Tempus Wealth Planning LLC increased its holdings in shares of NIO by 7.4% in the 1st quarter. Tempus Wealth Planning LLC now owns 42,710 shares of the company’s stock valued at $163,000 after purchasing an additional 2,943 shares in the last quarter. Redwood Wealth Management Group LLC boosted its holdings in NIO by 4.9% during the second quarter. Redwood Wealth Management Group LLC now owns 69,206 shares of the company’s stock worth $237,000 after buying an additional 3,215 shares in the last quarter. Private Advisor Group LLC grew its position in NIO by 4.6% during the first quarter. Private Advisor Group LLC now owns 79,500 shares of the company’s stock worth $303,000 after buying an additional 3,527 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in NIO by 2.2% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 220,694 shares of the company’s stock valued at $757,000 after buying an additional 4,846 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of NIO by 38.0% during the 1st quarter. Cerity Partners LLC now owns 18,999 shares of the company’s stock valued at $72,000 after acquiring an additional 5,234 shares during the period. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NIO. JPMorgan Chase & Co. upgraded NIO from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $4.80 to $8.00 in a report on Tuesday, August 26th. Wall Street Zen upgraded NIO from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Mizuho raised their price target on NIO from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $7.00 price target on shares of NIO in a research note on Thursday, October 30th. Finally, Citigroup increased their price objective on shares of NIO from $8.10 to $8.60 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NIO has an average rating of “Hold” and a consensus target price of $6.75.

NIO Stock Performance

NIO stock opened at $6.25 on Friday. NIO Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $8.02. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of -3.90 and a beta of 1.46. The stock has a fifty day moving average of $6.98 and a two-hundred day moving average of $5.24.

NIO (NYSE:NIO) last issued its quarterly earnings data on Tuesday, September 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $20.07 billion. NIO had a negative net margin of 34.71% and a negative return on equity of 589.46%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($2.21) earnings per share. NIO has set its Q3 2025 guidance at EPS. On average, analysts forecast that NIO Inc. will post -1.43 EPS for the current fiscal year.

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.