Nio Inc – (NYSE:NIO) Stock Position Reduced by AE Wealth Management LLC



AE Wealth Management LLC trimmed its holdings in Nio Inc – (NYSE:NIO – Get Rating) by 18.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 54,721 shares of the company’s stock after selling 12,605 shares during the quarter. AE Wealth Management LLC’s holdings in NIO were worth $1,152,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. State Street Corp grew its position in NIO by 2.0% in the fourth quarter. State Street Corp now owns 32,887,731 shares of the company’s stock worth $1,041,883,000 after acquiring an additional 658,909 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in NIO in the fourth quarter worth approximately $2,103,000. Geode Capital Management LLC grew its position in NIO by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 5,539,804 shares of the company’s stock worth $174,261,000 after acquiring an additional 513,784 shares in the last quarter. Rafferty Asset Management LLC bought a new stake in NIO in the fourth quarter worth approximately $279,000. Finally, IPG Investment Advisors LLC grew its position in NIO by 27.6% in the fourth quarter. IPG Investment Advisors LLC now owns 12,087 shares of the company’s stock worth $383,000 after acquiring an additional 2,618 shares in the last quarter. 42.98% of the stock is owned by institutional investors.

Shares of NIO stock opened at $22.18 on Wednesday. The firm has a market capitalization of $37.02 billion, a PE ratio of -29.97 and a beta of 2.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.02 and a quick ratio of 1.93. The company’s fifty day moving average price is $18.10 and its two-hundred day moving average price is $21.65. Nio Inc – has a 52-week low of $11.67 and a 52-week high of $51.74.

NIO (NYSE:NIO – Get Rating) last announced its quarterly earnings results on Thursday, June 9th. The company reported ($0.79) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.03) by $0.24. NIO had a negative net margin of 19.67% and a negative return on equity of 24.99%. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.86 billion. During the same quarter in the previous year, the firm posted ($0.48) EPS. The business’s revenue for the quarter was up 24.2% on a year-over-year basis. Analysts predict that Nio Inc – will post -0.63 earnings per share for the current fiscal year.

NIO has been the subject of a number of analyst reports. UBS Group upgraded shares of NIO from a “neutral” rating to a “buy” rating and reduced their objective price for the stock from $42.00 to $32.00 in a research note on Monday, April 4th. initiated on coverage shares of NIO in a research note on Thursday, March 24th. They issued a “buy” rating and a $32.40 price objective for the company. HSBC boosted their objective price on shares of NIO from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, June 30th. Bank of America upgraded shares of NIO from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Monday, May 16th. Finally, Morgan Stanley reduced their objective price on shares of NIO from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Friday, June 10th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.71.

NIO Profile (Get Rating)

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.

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Institutional Ownership by Quarter for NIO (NYSE:NIO)



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