Vontobel Holding Ltd. Buys 50,891 Shares of Nio Inc – (NYSE:NIO)

Vontobel Holding Ltd. grew its holdings in shares of Nio Inc – (NYSE:NIO) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,059,598 shares of the company’s stock after buying an additional 50,891 shares during the period. Vontobel Holding Ltd. owned 0.06% of NIO worth $9,611,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of NIO by 352.5% during the third quarter. SG Americas Securities LLC now owns 630,470 shares of the company’s stock valued at $5,699,000 after buying an additional 491,140 shares during the period. Electron Capital Partners LLC purchased a new position in shares of NIO during the third quarter valued at approximately $37,918,000. Top Ace Asset Management Ltd purchased a new position in shares of NIO during the third quarter valued at approximately $1,888,000. Banque Pictet & Cie SA purchased a new position in shares of NIO during the third quarter valued at approximately $2,486,000. Finally, Meridian Wealth Management LLC increased its stake in shares of NIO by 503.8% during the third quarter. Meridian Wealth Management LLC now owns 89,849 shares of the company’s stock valued at $812,000 after buying an additional 74,968 shares during the period. 48.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays reissued an “underweight” rating and set a $4.00 target price (down from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. UBS Group reduced their price target on NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. Mizuho reaffirmed a “neutral” rating and issued a $5.50 price target on shares of NIO in a research note on Monday, March 25th. The Goldman Sachs Group started coverage on NIO in a research note on Wednesday, January 3rd. They issued a “neutral” rating on the stock. Finally, Sanford C. Bernstein reduced their price target on NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a research note on Thursday, March 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.43.

NIO Price Performance

NYSE NIO opened at $3.81 on Wednesday. Nio Inc – has a 12 month low of $3.71 and a 12 month high of $16.18. The stock’s fifty day moving average price is $5.29 and its 200-day moving average price is $6.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 1.13.

NIO (NYSE:NIO) last announced its quarterly earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.39) by ($0.42). The business had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.51) earnings per share. On average, sell-side analysts expect that Nio Inc – will post -1.26 earnings per share for the current year.

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.