Oppenheimer & Co. Inc. Decreases Holdings in Nio Inc – (NYSE:NIO)

Oppenheimer & Co. Inc. trimmed its holdings in shares of Nio Inc – (NYSE:NIO – Get Rating) by 8.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,683 shares of the company’s stock after selling 4,255 shares during the period. Oppenheimer & Co. Inc.’s holdings in NIO were worth $455,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NIO. E Fund Management Hong Kong Co. Ltd. boosted its position in NIO by 127.6% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 770,160 shares of the company’s stock worth $15,172,000 after purchasing an additional 431,851 shares during the period. US Bancorp DE boosted its position in NIO by 19.9% in the 1st quarter. US Bancorp DE now owns 18,593 shares of the company’s stock valued at $392,000 after buying an additional 3,092 shares during the last quarter. Cibc World Market Inc. boosted its position in NIO by 23.6% in the 1st quarter. Cibc World Market Inc. now owns 38,708 shares of the company’s stock valued at $815,000 after buying an additional 7,396 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in NIO by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,705,563 shares of the company’s stock valued at $57,007,000 after buying an additional 48,720 shares during the last quarter. Finally, Sei Investments Co. boosted its position in NIO by 45.6% in the 1st quarter. Sei Investments Co. now owns 338,913 shares of the company’s stock valued at $7,134,000 after buying an additional 106,140 shares during the last quarter. 30.06% of the stock is owned by hedge funds and other institutional investors.

NIO Price Performance

Shares of NYSE:NIO opened at $7.95 on Friday. The firm’s 50 day moving average is $8.75 and its two-hundred day moving average is $10.15. Nio Inc – has a 52 week low of $7.33 and a 52 week high of $24.43. The firm has a market capitalization of $13.27 billion, a P/E ratio of -6.12 and a beta of 1.92. The company has a current ratio of 1.29, a quick ratio of 1.11 and a debt-to-equity ratio of 0.45.

NIO (NYSE:NIO – Get Rating) last announced its quarterly earnings results on Wednesday, March 1st. The company reported ($0.51) EPS for the quarter. NIO had a negative net margin of 29.32% and a negative return on equity of 47.74%. The firm had revenue of $2.33 billion during the quarter. Analysts anticipate that Nio Inc – will post -1.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays cut shares of NIO from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $18.00 to $10.00 in a research report on Thursday, March 2nd. JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and cut their target price for the company from $14.00 to $10.00 in a research note on Thursday, March 2nd. Mizuho cut their target price on shares of NIO from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, March 2nd. Finally, Morgan Stanley cut their target price on shares of NIO from $16.10 to $12.00 in a research note on Monday, March 20th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.52.

NIO Company Profile

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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.