NIO Inc. $NIO Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in shares of NIO Inc. (NYSE:NIO) by 48.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 680,382 shares of the company’s stock after purchasing an additional 223,178 shares during the period. Hsbc Holdings PLC’s holdings in NIO were worth $3,445,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Atlantic Union Bankshares Corp boosted its stake in shares of NIO by 98.3% in the fourth quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock valued at $30,000 after purchasing an additional 2,950 shares during the period. Allworth Financial LP increased its stake in NIO by 183.5% during the 3rd quarter. Allworth Financial LP now owns 6,596 shares of the company’s stock worth $50,000 after buying an additional 4,269 shares during the period. Arax Advisory Partners increased its stake in NIO by 81.6% during the 4th quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock worth $40,000 after buying an additional 3,487 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in NIO during the 4th quarter worth approximately $41,000. Finally, MV Capital Management Inc. acquired a new stake in NIO during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Stock Down 0.2%

Shares of NIO stock opened at $4.85 on Monday. NIO Inc. has a 52-week low of $3.38 and a 52-week high of $8.02. The company has a 50 day moving average of $5.73 and a 200 day moving average of $5.39. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $12.04 billion, a P/E ratio of -8.82 and a beta of 0.92.

NIO (NYSE:NIO) last posted its quarterly earnings results on Friday, May 22nd. The company reported $0.00 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.08. NIO had a negative net margin of 8.78% and a negative return on equity of 318.96%. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the business posted ($0.41) EPS. The firm’s revenue was up 112.2% on a year-over-year basis. As a group, research analysts forecast that NIO Inc. will post -0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NIO shares. Dbs Bank raised shares of NIO from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 16th. Bank of America reaffirmed a “neutral” rating and set a $6.80 price objective on shares of NIO in a research report on Thursday, May 21st. Nomura upgraded NIO from a “neutral” rating to a “buy” rating and set a $6.60 price objective on the stock in a research note on Wednesday, March 11th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $6.00 target price on shares of NIO in a report on Friday, May 22nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a research note on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, NIO has an average rating of “Hold” and an average price target of $6.70.

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.