Centiva Capital LP Sells 148,077 Shares of Nio Inc – (NYSE:NIO)

Centiva Capital LP lessened its holdings in Nio Inc – (NYSE:NIO) by 49.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,491 shares of the company’s stock after selling 148,077 shares during the quarter. Centiva Capital LP’s holdings in NIO were worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Ballentine Partners LLC boosted its holdings in shares of NIO by 11.5% in the 3rd quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock worth $160,000 after buying an additional 2,482 shares during the last quarter. Atomi Financial Group Inc. raised its position in NIO by 15.5% in the third quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after acquiring an additional 2,588 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in NIO by 22.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock valued at $61,000 after acquiring an additional 2,651 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of NIO by 4.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 63,093 shares of the company’s stock valued at $262,000 after acquiring an additional 2,915 shares during the period. Finally, Greenwich Wealth Management LLC increased its stake in shares of NIO by 12.9% during the 2nd quarter. Greenwich Wealth Management LLC now owns 29,027 shares of the company’s stock worth $121,000 after purchasing an additional 3,315 shares during the last quarter. Institutional investors own 48.55% of the company’s stock.

Wall Street Analyst Weigh In

NIO has been the topic of several research analyst reports. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $4.80 to $3.90 in a research note on Monday, November 25th. Citigroup cut their price target on NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Bank of America boosted their price objective on NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Daiwa America upgraded shares of NIO to a “strong-buy” rating in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $5.30 to $8.00 in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.71.

NIO Price Performance

NIO stock opened at $4.62 on Friday. The firm has a 50 day moving average of $5.32 and a 200-day moving average of $4.85. The firm has a market capitalization of $7.93 billion, a P/E ratio of -3.06 and a beta of 1.77. Nio Inc – has a 12 month low of $3.61 and a 12 month high of $9.57. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

NIO (NYSE:NIO) last released its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, meeting analysts’ consensus estimates of ($2.21). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The firm had revenue of $17.45 billion during the quarter, compared to analyst estimates of $17.49 billion. During the same period in the previous year, the business earned ($0.51) EPS. The business’s revenue for the quarter was up 98.9% on a year-over-year basis. As a group, sell-side analysts predict that Nio Inc – will post -1.39 earnings per share for the current fiscal 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.