Artisan Partners Limited Partnership Reduces Stock Position in Nio Inc – (NYSE:NIO)

Artisan Partners Limited Partnership lessened its holdings in shares of Nio Inc – (NYSE:NIOFree Report) by 5.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 538,205 shares of the company’s stock after selling 31,664 shares during the quarter. Artisan Partners Limited Partnership’s holdings in NIO were worth $4,865,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in shares of NIO by 30.8% during the second quarter. Parallel Advisors LLC now owns 3,453 shares of the company’s stock worth $33,000 after purchasing an additional 814 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of NIO during the fourth quarter worth $33,000. Peoples Bank KS acquired a new stake in shares of NIO during the third quarter worth $46,000. Lindbrook Capital LLC raised its position in shares of NIO by 88.3% during the second quarter. Lindbrook Capital LLC now owns 5,343 shares of the company’s stock worth $52,000 after purchasing an additional 2,505 shares during the period. Finally, Psagot Value Holdings Ltd. Israel raised its position in shares of NIO by 26.3% during the second quarter. Psagot Value Holdings Ltd. Israel now owns 6,606 shares of the company’s stock worth $62,000 after purchasing an additional 1,377 shares during the period. Institutional investors and hedge funds own 42.32% of the company’s stock.

NIO Stock Performance

NIO opened at $5.93 on Friday. The stock’s 50 day moving average price is $7.26 and its two-hundred day moving average price is $8.80. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 0.76. Nio Inc – has a 12-month low of $5.30 and a 12-month high of $16.18.

NIO (NYSE:NIOGet Free Report) last announced its quarterly earnings data on Tuesday, December 5th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.06. NIO had a negative return on equity of 114.38% and a negative net margin of 39.26%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.63 billion. Sell-side analysts predict that Nio Inc – will post -1.65 earnings per share for the current year.

Analyst Ratings Changes

NIO has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on NIO in a research report on Wednesday, January 3rd. They set a “neutral” rating on the stock. Mizuho dropped their price target on NIO from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, December 6th. Finally, Bank of America lowered NIO from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 9th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.75.

Read Our Latest Research Report on NIO

About NIO

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for NIO (NYSE:NIO)

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