3,650 Shares in Nio Inc – (NYSE:NIO) Bought by Bfsg LLC

Bfsg LLC bought a new position in Nio Inc – (NYSE:NIO) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 3,650 shares of the company’s stock, valued at approximately $33,000.

A number of other large investors also recently added to or reduced their stakes in NIO. Electron Capital Partners LLC purchased a new position in NIO in the 3rd quarter worth $37,918,000. Linden Advisors LP purchased a new position in NIO in the 3rd quarter worth $8,972,000. AMF Tjanstepension AB raised its position in NIO by 95.4% in the 3rd quarter. AMF Tjanstepension AB now owns 672,300 shares of the company’s stock worth $6,078,000 after purchasing an additional 328,200 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in NIO in the 3rd quarter worth $2,899,000. Finally, Banque Pictet & Cie SA bought a new stake in NIO in the 3rd quarter worth $2,486,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NIO shares. Macquarie started coverage on shares of NIO in a report on Monday, April 15th. They issued a “neutral” rating and a $5.00 price target on the stock. JPMorgan Chase & Co. cut their price target on shares of NIO from $5.00 to $4.80 and set an “underweight” rating on the stock in a report on Wednesday, March 6th. Bank of America cut their price target on shares of NIO from $7.50 to $6.50 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. 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. Finally, Jefferies Financial Group cut their price target on shares of NIO from $8.30 to $5.90 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.43.

NIO Trading Up 6.5 %

Shares of NIO opened at $4.40 on Friday. The firm’s 50-day moving average price is $5.02 and its 200-day moving average price is $6.58. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of -2.36 and a beta of 1.93. 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 1-year low of $3.61 and a 1-year high of $16.18.

NIO (NYSE:NIO) last announced 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 for the quarter, compared to the consensus estimate of $18.16 billion. During the same period in the previous year, the firm posted ($0.51) EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that Nio Inc – will post -1.26 EPS for the current 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.