Clear Street Group Inc. Purchases New Holdings in NIO Inc. $NIO

Clear Street Group Inc. purchased a new stake in NIO Inc. (NYSE:NIO) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 176,137 shares of the company’s stock, valued at approximately $898,000.

A number of other hedge funds also recently modified their holdings of NIO. Aspex Management HK Ltd bought a new position in NIO in the third quarter worth $266,700,000. WT Asset Management Ltd bought a new position in shares of NIO during the 3rd quarter worth about $142,120,000. Ghisallo Capital Management LLC acquired a new stake in shares of NIO during the 3rd quarter valued at about $91,440,000. Voloridge Investment Management LLC acquired a new stake in shares of NIO during the 3rd quarter valued at about $89,952,000. Finally, Quadrature Capital Ltd bought a new stake in NIO in the third quarter valued at about $58,308,000. Institutional investors own 48.55% of the company’s stock.

NIO Trading Down 0.1%

NIO stock opened at $5.21 on Tuesday. The business has a fifty day moving average price of $5.98 and a 200 day moving average price of $5.40. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.01 and a quick ratio of 0.90. NIO Inc. has a fifty-two week low of $3.34 and a fifty-two week high of $8.02. The stock has a market capitalization of $12.92 billion, a price-to-earnings ratio of -9.46 and a beta of 0.92.

NIO (NYSE:NIO) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.04 EPS for the quarter. The company had revenue of $4.95 billion for the quarter. NIO had a negative return on equity of 318.96% and a negative net margin of 8.78%. Analysts expect that NIO Inc. will post -0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

NIO has been the topic of a number of recent research reports. HSBC raised NIO from a “hold” rating to a “buy” rating and lifted their price objective for the company from $4.80 to $6.80 in a report on Friday, March 13th. Sanford C. Bernstein restated a “market perform” rating and set a $6.00 target price on shares of NIO in a research report on Friday, May 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of NIO in a research report on Friday, May 1st. Dbs Bank upgraded NIO from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 16th. Finally, Nomura raised NIO from a “neutral” rating to a “buy” rating and set a $6.60 price objective for the company in a report on Wednesday, March 11th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.70.

NIO Company 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.