Nio Inc – (NYSE:NIO) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership reduced its holdings in Nio Inc – (NYSE:NIO) by 19.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 901,218 shares of the company’s stock after selling 221,272 shares during the quarter. Artisan Partners Limited Partnership’s holdings in NIO were worth $3,929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. FMR LLC increased its stake in NIO by 5,388.5% in the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company’s stock worth $36,038,000 after purchasing an additional 5,296,601 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of NIO in the third quarter worth approximately $4,879,000. SG Americas Securities LLC lifted its position in shares of NIO by 104.8% in the 4th quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock valued at $5,018,000 after acquiring an additional 589,082 shares in the last quarter. Quadrature Capital Ltd boosted its stake in NIO by 32.3% in the 3rd quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock worth $14,756,000 after purchasing an additional 538,907 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in NIO during the 4th quarter worth approximately $1,776,000. 48.55% of the stock is owned by institutional investors and hedge funds.

NIO Price Performance

NYSE NIO opened at $3.75 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $7.82 billion, a PE ratio of -2.48 and a beta of 1.81. Nio Inc – has a 12-month low of $3.61 and a 12-month high of $7.71. The company has a 50 day moving average price of $4.43 and a two-hundred day moving average price of $4.83.

NIO (NYSE:NIO) last issued its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $20.19 billion. During the same quarter in the prior year, the company posted ($2.81) earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities analysts predict that Nio Inc – will post -1.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. HSBC lowered NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Mizuho decreased their price objective on NIO from $5.00 to $4.20 and set a “neutral” rating for the company in a research report on Monday, March 24th. Citigroup dropped their target price on NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a report on Monday, March 24th. Hsbc Global Res cut shares of NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Cfra Research upgraded shares of NIO to a “hold” rating in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.00.

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.