Signaturefd LLC Increases Holdings in Nio Inc – (NYSE:NIO)

Signaturefd LLC increased its stake in Nio Inc – (NYSE:NIO) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,748 shares of the company’s stock after purchasing an additional 2,456 shares during the quarter. Signaturefd LLC’s holdings in NIO were worth $234,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in NIO. Electron Capital Partners LLC purchased a new position in shares of NIO in the third quarter valued at $37,918,000. Linden Advisors LP purchased a new position in shares of NIO in the third quarter valued at $8,972,000. AMF Tjanstepension AB grew its position in shares of NIO by 95.4% in the third quarter. AMF Tjanstepension AB now owns 672,300 shares of the company’s stock valued at $6,078,000 after purchasing an additional 328,200 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of NIO in the third quarter valued at $2,899,000. Finally, Banque Pictet & Cie SA bought a new stake in NIO during the third quarter valued at $2,486,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Trading Up 8.7 %

Shares of NIO stock opened at $4.49 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $4.99 and a two-hundred day moving average price of $6.55. Nio Inc – has a 12-month low of $3.61 and a 12-month high of $16.18. The firm has a market cap of $7.72 billion, a P/E ratio of -2.57 and a beta of 1.93.

NIO (NYSE:NIO) last released its earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $18.16 billion. During the same period last year, the firm posted ($0.51) EPS. The company’s revenue was up 6.5% on a year-over-year basis. Equities analysts anticipate that Nio Inc – will post -1.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Bank of America dropped their price objective on NIO from $7.50 to $6.50 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. The Goldman Sachs Group assumed coverage on NIO in a research note on Wednesday, January 3rd. They set a “neutral” rating for the company. Barclays reissued an “underweight” rating and set a $4.00 price objective (down previously from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. UBS Group dropped their price objective on NIO from $8.00 to $7.20 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Finally, Jefferies Financial Group dropped their price objective on NIO from $8.30 to $5.90 and set a “hold” rating for the company in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.43.

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.