NIO Inc. $NIO Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in NIO Inc. (NYSE:NIO) by 651.5% during the 2nd quarter, Holdings Channel reports. The firm owned 1,600,640 shares of the company’s stock after purchasing an additional 1,387,656 shares during the quarter. Hsbc Holdings PLC’s holdings in NIO were worth $8,051,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NIO. V Square Quantitative Management LLC increased its stake in shares of NIO by 17.4% during the 1st quarter. V Square Quantitative Management LLC now owns 13,707 shares of the company’s stock worth $83,000 after purchasing an additional 2,027 shares in the last quarter. Tidal Investments LLC lifted its stake in NIO by 0.9% in the 2nd quarter. Tidal Investments LLC now owns 287,140 shares of the company’s stock valued at $985,000 after buying an additional 2,433 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in NIO by 26.4% during the 4th quarter. Wealthspire Advisors LLC now owns 12,980 shares of the company’s stock valued at $66,000 after buying an additional 2,707 shares during the last quarter. Atlantic Union Bankshares Corp grew its holdings in NIO by 98.3% during the 4th quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock valued at $30,000 after buying an additional 2,950 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in NIO by 9.3% during the fourth quarter. Kestra Advisory Services LLC now owns 35,005 shares of the company’s stock worth $179,000 after buying an additional 2,987 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Trading Down 2.8%

Shares of NIO opened at $3.69 on Thursday. The stock has a fifty day moving average of $4.57 and a two-hundred day moving average of $5.28. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.89 and a current ratio of 1.02. The company has a market capitalization of $9.15 billion, a PE ratio of -13.65 and a beta of 0.92. NIO Inc. has a fifty-two week low of $3.68 and a fifty-two week high of $8.02.

NIO (NYSE:NIO) last issued its quarterly earnings results on Saturday, August 15th. The company reported $0.00 earnings per share for the quarter. NIO had a negative return on equity of 111.37% and a negative net margin of 3.95%.The company had revenue of $4.73 billion for the quarter. As a group, analysts forecast that NIO Inc. will post -0.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Sanford C. Bernstein reduced their price objective on NIO from $6.00 to $5.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 2nd. Zacks Research cut NIO from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. The Goldman Sachs Group reissued a “buy” rating and issued a $6.10 target price on shares of NIO in a research note on Friday, September 4th. Citigroup restated a “buy” rating on shares of NIO in a report on Tuesday, September 1st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of NIO in a report on Wednesday, July 29th. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NIO currently has an average rating of “Hold” and an average price target of $6.21.

NIO Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.