Invesco Ltd. Cuts Stake in Nio Inc – (NYSE:NIO)

Invesco Ltd. lessened its stake in Nio Inc – (NYSE:NIO) by 28.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,308,723 shares of the company’s stock after selling 928,939 shares during the quarter. Invesco Ltd. owned approximately 0.11% of NIO worth $10,066,000 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 stock. Blue Trust Inc. boosted its holdings in shares of NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after purchasing an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in NIO by 131.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after buying an additional 4,332 shares during the last quarter. Sava Infond d.o.o. purchased a new position in NIO during the 4th quarter valued at approximately $44,000. Callan Family Office LLC purchased a new stake in shares of NIO during the 4th quarter worth approximately $44,000. Finally, Trilogy Capital Inc. bought a new position in shares of NIO during the 4th quarter valued at approximately $45,000. Institutional investors own 48.55% of the company’s stock.

NIO Price Performance

Shares of NIO stock opened at $3.75 on Wednesday. The stock has a 50 day moving average price of $4.15 and a 200 day moving average price of $4.53. The firm has a market capitalization of $7.83 billion, a P/E ratio of -2.48 and a beta of 1.74. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Nio Inc – has a 52-week low of $3.02 and a 52-week high of $7.71.

NIO (NYSE:NIO) last issued its earnings results on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.81) earnings per share. As a group, sell-side analysts predict that Nio Inc – will post -1.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NIO has been the topic of a number of recent research reports. Mizuho decreased their price target on shares of NIO from $4.20 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Citigroup decreased their price objective on NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a research report on Monday, March 24th. Finally, Cfra Research upgraded NIO to a “hold” rating in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.05.

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.