Handelsbanken Fonder AB Buys 36,348 Shares of NIO Inc. $NIO

Handelsbanken Fonder AB boosted its position in shares of NIO Inc. (NYSE:NIO) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 762,362 shares of the company’s stock after purchasing an additional 36,348 shares during the period. Handelsbanken Fonder AB’s holdings in NIO were worth $2,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of NIO by 3,966.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company’s stock valued at $20,255,000 after purchasing an additional 5,185,565 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in NIO in the 2nd quarter valued at approximately $12,315,000. Vontobel Holding Ltd. raised its position in NIO by 125.2% in the 2nd quarter. Vontobel Holding Ltd. now owns 1,094,398 shares of the company’s stock valued at $3,754,000 after buying an additional 608,377 shares during the last quarter. Hsbc Holdings PLC lifted its stake in NIO by 96.6% in the 1st quarter. Hsbc Holdings PLC now owns 1,039,162 shares of the company’s stock valued at $3,964,000 after acquiring an additional 510,610 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in NIO by 18.0% during the 1st quarter. American Century Companies Inc. now owns 702,772 shares of the company’s stock worth $2,678,000 after acquiring an additional 107,239 shares during the last quarter. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Trading Down 4.3%

NYSE:NIO opened at $5.51 on Wednesday. The stock has a market capitalization of $11.49 billion, a PE ratio of -3.44 and a beta of 1.46. NIO Inc. has a 1-year low of $3.02 and a 1-year high of $8.02. The firm has a fifty day simple moving average of $6.91 and a 200 day simple moving average of $5.36.

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

Analysts Set New Price Targets

NIO has been the subject of several research reports. UBS Group cut shares of NIO from a “buy” rating to a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $7.00 target price on shares of NIO in a research report on Thursday, October 30th. Citigroup lifted their price target 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. Macquarie set a $5.30 price objective on shares of NIO in a research note on Tuesday. Finally, Wall Street Zen upgraded NIO from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.81.

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.