Scotia Capital Inc. Lowers Holdings in Nio Inc – (NYSE:NIO)

Scotia Capital Inc. cut its stake in Nio Inc – (NYSE:NIOFree Report) by 54.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,924 shares of the company’s stock after selling 31,949 shares during the period. Scotia Capital Inc.’s holdings in NIO were worth $244,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Prudential PLC grew its stake in shares of NIO by 0.9% during the 3rd quarter. Prudential PLC now owns 177,715 shares of the company’s stock valued at $1,607,000 after buying an additional 1,641 shares during the period. Stratos Wealth Partners LTD. increased its stake in NIO by 9.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 20,075 shares of the company’s stock worth $182,000 after acquiring an additional 1,816 shares during the last quarter. Fountainhead AM LLC raised its holdings in shares of NIO by 20.0% in the 4th quarter. Fountainhead AM LLC now owns 12,047 shares of the company’s stock worth $109,000 after purchasing an additional 2,012 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of NIO by 11.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 19,983 shares of the company’s stock valued at $181,000 after purchasing an additional 2,092 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of NIO by 7.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 31,177 shares of the company’s stock worth $282,000 after purchasing an additional 2,248 shares during the period. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Price Performance

NIO stock opened at $5.29 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. Nio Inc – has a 52 week low of $3.61 and a 52 week high of $16.18. The stock has a 50 day moving average of $4.79 and a 200-day moving average of $6.04.

NIO (NYSE:NIOGet Free Report) last posted its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) earnings per share for the quarter, missing the consensus estimate of ($2.39) by ($0.42). NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $18.16 billion. During the same period in the previous year, the company earned ($0.51) EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts expect that Nio Inc – will post -1.33 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Sanford C. Bernstein cut their price target on shares of NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a report on Thursday, March 7th. JPMorgan Chase & Co. upgraded shares of NIO from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $4.80 to $5.40 in a report on Wednesday, May 15th. UBS Group decreased their price target on shares of NIO from $8.00 to $7.20 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Jefferies Financial Group cut their price objective on NIO from $8.30 to $5.90 and set a “hold” rating on the stock in a research report on Wednesday, March 6th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $5.50 target price on shares of NIO in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.43.

Check Out Our Latest Report on NIO

NIO Profile

(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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