Nio Inc – (NYSE:NIO) Stock Holdings Trimmed by Sigma Planning Corp

Sigma Planning Corp lessened its position in shares of Nio Inc – (NYSE:NIO) by 71.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,316 shares of the company’s stock after selling 36,328 shares during the quarter. Sigma Planning Corp’s holdings in NIO were worth $130,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NIO. Rakuten Securities Inc. acquired a new position in NIO in the fourth quarter worth $38,000. Peoples Bank KS bought a new stake in shares of NIO during the 3rd quarter valued at about $46,000. Fountainhead AM LLC acquired a new stake in NIO during the third quarter worth about $91,000. First Affirmative Financial Network bought a new position in NIO in the fourth quarter worth about $95,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in NIO in the third quarter valued at approximately $108,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

Analyst Upgrades and Downgrades

NIO has been the topic of a number of research reports. Mizuho reiterated a “neutral” rating and set a $5.50 price target on shares of NIO in a research report on Monday, March 25th. Sanford C. Bernstein cut their target price 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. The Goldman Sachs Group assumed coverage on shares of NIO in a research report on Wednesday, January 3rd. They set a “neutral” rating for the company. JPMorgan Chase & Co. reduced their target price on shares of NIO from $5.00 to $4.80 and set an “underweight” rating for the company in a research note on Wednesday, March 6th. Finally, Jefferies Financial Group dropped their price target on shares of NIO from $8.30 to $5.90 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $8.43.

NIO Trading Up 2.4 %

Shares of NIO stock opened at $4.60 on Tuesday. 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 stock has a 50-day simple moving average of $4.96 and a 200 day simple moving average of $6.49. Nio Inc – has a fifty-two week low of $3.61 and a fifty-two week high of $16.18. The stock has a market capitalization of $7.91 billion, a P/E ratio of -2.63 and a beta of 1.93.

NIO (NYSE:NIO) last released its earnings results on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing analysts’ consensus estimates of ($2.39) by ($0.42). The business had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $18.16 billion. NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 fiscal year.

NIO Company 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.