Freemont Management S.A. Acquires 40,000 Shares of Nio Inc – (NYSE:NIO)

Freemont Management S.A. raised its holdings in shares of Nio Inc – (NYSE:NIO) by 100.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,000 shares of the company’s stock after acquiring an additional 40,000 shares during the quarter. Freemont Management S.A.’s holdings in NIO were worth $726,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bfsg LLC bought a new stake in NIO during the fourth quarter valued at about $33,000. Rakuten Securities Inc. bought a new stake in shares of NIO in the fourth quarter worth about $38,000. Principal Securities Inc. bought a new stake in shares of NIO in the fourth quarter worth about $42,000. Calton & Associates Inc. bought a new stake in shares of NIO in the fourth quarter worth about $92,000. Finally, First Affirmative Financial Network bought a new stake in shares of NIO in the fourth quarter worth about $95,000. 48.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on NIO. Barclays reaffirmed an “underweight” rating and issued a $4.00 target price (down from $5.00) on shares of NIO in a report on Tuesday, April 2nd. Sanford C. Bernstein reduced their target price on NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a report on Thursday, March 7th. UBS Group reduced their target price on NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a report on Thursday, March 14th. Bank of America reduced their price objective on NIO from $7.50 to $6.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Finally, Jefferies Financial Group reduced their price objective on NIO from $8.30 to $5.90 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.48.

NIO Trading Up 0.6 %

Shares of NYSE:NIO traded up $0.03 during trading hours on Friday, hitting $4.83. 32,325,257 shares of the company’s stock traded hands, compared to its average volume of 66,863,188. Nio Inc – has a 1 year low of $3.61 and a 1 year high of $16.18. The business has a fifty day moving average price of $4.78 and a 200-day moving average price of $6.16. The firm has a market capitalization of $8.30 billion, a P/E ratio of -2.76 and a beta of 1.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 1.13.

NIO (NYSE:NIO) last announced its earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $17.10 billion for the quarter, compared to analysts’ expectations of $18.16 billion. During the same quarter last year, the firm earned ($0.51) EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts expect that Nio Inc – will post -1.26 earnings per share for the current year.

About NIO

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.