Mirae Asset Global Investments Co. Ltd. Purchases 4,846 Shares of NIO Inc. $NIO

Mirae Asset Global Investments Co. Ltd. increased its position in NIO Inc. (NYSE:NIO) by 2.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 220,694 shares of the company’s stock after acquiring an additional 4,846 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in NIO were worth $757,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tempus Wealth Planning LLC raised its stake in NIO by 7.4% in the first quarter. Tempus Wealth Planning LLC now owns 42,710 shares of the company’s stock valued at $163,000 after purchasing an additional 2,943 shares in the last quarter. Private Advisor Group LLC raised its stake in NIO by 4.6% in the first quarter. Private Advisor Group LLC now owns 79,500 shares of the company’s stock valued at $303,000 after purchasing an additional 3,527 shares in the last quarter. FNY Investment Advisers LLC raised its stake in NIO by 2.7% in the first quarter. FNY Investment Advisers LLC now owns 149,300 shares of the company’s stock valued at $568,000 after purchasing an additional 3,870 shares in the last quarter. Cerity Partners LLC raised its stake in NIO by 38.0% in the first quarter. Cerity Partners LLC now owns 18,999 shares of the company’s stock valued at $72,000 after purchasing an additional 5,234 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in NIO by 16.3% in the first quarter. Avantax Advisory Services Inc. now owns 37,943 shares of the company’s stock valued at $145,000 after purchasing an additional 5,306 shares in the last quarter. 48.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Bank of America raised their target price on shares of NIO from $5.00 to $7.10 and gave the company a “neutral” rating in a research note on Wednesday, September 3rd. UBS Group raised shares of NIO from a “neutral” rating to a “buy” rating and raised their target price for the company from $6.20 to $8.50 in a research note on Tuesday, September 16th. Mizuho lifted their price target on shares of NIO from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Wall Street Zen raised shares of NIO from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Finally, JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $4.80 to $8.00 in a research note on Tuesday, August 26th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.35.

NIO Stock Down 9.9%

NYSE:NIO opened at $6.72 on Friday. The stock has a market cap of $14.03 billion, a P/E ratio of -4.20 and a beta of 1.30. The firm’s fifty day simple moving average is $6.27 and its 200 day simple moving average is $4.68. NIO Inc. has a twelve month low of $3.02 and a twelve month high of $8.02.

NIO (NYSE:NIO) last released its quarterly earnings results on Tuesday, September 2nd. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.02). The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $20.07 billion. NIO had a negative net margin of 34.71% and a negative return on equity of 589.46%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned ($2.21) EPS. NIO has set its Q3 2025 guidance at EPS. On average, analysts expect that NIO Inc. will post -1.43 EPS for the current fiscal year.

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.