Swedbank AB Raises Stake in NIO Inc. $NIO

Swedbank AB grew its stake in shares of NIO Inc. (NYSE:NIO) by 25.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 424,491 shares of the company’s stock after purchasing an additional 85,602 shares during the quarter. Swedbank AB’s holdings in NIO were worth $2,165,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WT Asset Management Ltd acquired a new stake in NIO during the third quarter worth approximately $142,120,000. ABC Arbitrage SA acquired a new stake in NIO during the third quarter worth approximately $1,857,000. Ghisallo Capital Management LLC acquired a new stake in NIO during the third quarter worth approximately $91,440,000. HUB Investment Partners LLC acquired a new stake in NIO during the third quarter worth approximately $1,758,000. Finally, RWC Asset Advisors US LLC acquired a new stake in NIO during the third quarter worth approximately $79,761,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

Analyst Upgrades and Downgrades

NIO has been the topic of a number of research analyst reports. Nomura raised shares of NIO from a “neutral” rating to a “buy” rating and set a $6.60 price objective on the stock in a report on Wednesday, March 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a report on Friday, May 1st. Macquarie Infrastructure raised shares of NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price objective on the stock in a report on Thursday, January 15th. Dbs Bank raised shares of NIO from a “hold” rating to a “moderate buy” rating in a report on Monday, March 16th. Finally, HSBC raised shares of NIO from a “hold” rating to a “buy” rating and lifted their target price for the company from $4.80 to $6.80 in a report on Friday, March 13th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NIO presently has an average rating of “Hold” and an average target price of $6.80.

NIO Stock Performance

Shares of NIO stock opened at $5.87 on Monday. The firm’s fifty day simple moving average is $5.88 and its 200-day simple moving average is $5.58. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of -6.05 and a beta of 0.97. NIO Inc. has a 12 month low of $3.34 and a 12 month high of $8.02. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.98 and a quick ratio of 0.87.

NIO (NYSE:NIO) last announced its earnings results on Saturday, February 14th. The company reported $0.04 EPS for the quarter. The business had revenue of $4.95 billion for the quarter. NIO had a negative net margin of 17.21% and a negative return on equity of 924.56%. As a group, equities analysts forecast that NIO Inc. will post -0.28 earnings per share for the current year.

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.