Edmond DE Rothschild Holding S.A. Grows Stock Position in Nio Inc – (NYSE:NIO)

Edmond DE Rothschild Holding S.A. grew its position in shares of Nio Inc – (NYSE:NIOFree Report) by 19.6% in the fourth quarter, Holdings Channel reports. The fund owned 359,280 shares of the company’s stock after buying an additional 59,000 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in NIO were worth $3,259,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. IPG Investment Advisors LLC bought a new position in shares of NIO during the 4th quarter valued at approximately $143,000. Artisan Partners Limited Partnership boosted its position in shares of NIO by 4.2% during the 4th quarter. Artisan Partners Limited Partnership now owns 560,577 shares of the company’s stock valued at $5,084,000 after acquiring an additional 22,372 shares during the last quarter. Freemont Management S.A. lifted its position in NIO by 100.0% in the fourth quarter. Freemont Management S.A. now owns 80,000 shares of the company’s stock worth $726,000 after buying an additional 40,000 shares during the last quarter. Hsbc Holdings PLC lifted its position in NIO by 238.6% in the fourth quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock worth $64,070,000 after buying an additional 4,976,403 shares during the last quarter. Finally, Tidemark LLC bought a new stake in NIO in the fourth quarter worth $96,000. 48.55% of the stock is currently owned by institutional investors.

NIO Stock Up 1.2 %

NIO traded up $0.06 on Wednesday, hitting $4.96. The company had a trading volume of 13,202,667 shares, compared to its average volume of 56,877,574. The stock has a fifty day moving average price of $4.76 and a 200-day moving average price of $6.12. Nio Inc – has a 12-month low of $3.61 and a 12-month high of $16.18. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.22. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of -2.80 and a beta of 1.92.

NIO (NYSE:NIOGet Free Report) last posted its earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.39) by ($0.42). NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The company had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $18.16 billion. During the same quarter last year, the firm earned ($0.51) EPS. NIO’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts predict that Nio Inc – will post -1.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Mizuho restated a “neutral” rating and issued a $5.50 price target on shares of NIO in a research report on Monday, March 25th. Sanford C. Bernstein lowered their price target on NIO from $7.50 to $5.50 and set a “market perform” rating for the company in a research report on Thursday, March 7th. Barclays reiterated an “underweight” rating and issued a $4.00 target price (down previously from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. upgraded NIO from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $4.80 to $5.40 in a research note on Wednesday, May 15th. Finally, Bank of America reduced their target price on NIO from $6.50 to $5.90 and set a “neutral” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $8.43.

Check Out Our Latest Report on NIO

About NIO

(Free Report)

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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