12,000 Shares in Nio Inc – (NYSE:NIO) Acquired by Edge Wealth Management LLC

Edge Wealth Management LLC acquired a new position in Nio Inc – (NYSE:NIOFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,000 shares of the company’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Electron Capital Partners LLC bought a new stake in NIO during the 3rd quarter worth approximately $37,918,000. Quadrature Capital Ltd purchased a new position in shares of NIO in the fourth quarter worth $12,361,000. Van ECK Associates Corp lifted its holdings in shares of NIO by 9.8% in the fourth quarter. Van ECK Associates Corp now owns 536,774 shares of the company’s stock worth $4,869,000 after buying an additional 47,773 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of NIO by 238.6% in the fourth quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock worth $64,070,000 after buying an additional 4,976,403 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of NIO in the first quarter worth $448,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Stock Performance

Shares of NIO traded down $0.07 during midday trading on Friday, hitting $4.32. The stock had a trading volume of 5,375,790 shares, compared to its average volume of 54,430,145. Nio Inc – has a 1 year low of $3.61 and a 1 year high of $16.18. The company has a current ratio of 1.15, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average is $4.85 and its 200 day moving average is $5.72.

NIO (NYSE:NIOGet Free Report) last announced its earnings results on Thursday, June 6th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.05). NIO had a negative net margin of 39.38% and a negative return on equity of 111.91%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Research analysts anticipate that Nio Inc – will post -1.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on NIO. Macquarie began coverage on shares of NIO in a report on Monday, April 15th. They issued a “neutral” rating and a $5.00 target price on the stock. JPMorgan Chase & Co. raised shares of NIO from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $4.80 to $5.40 in a report on Wednesday, May 15th. Sanford C. Bernstein lowered their target price on shares of NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a report on Thursday, March 7th. Jefferies Financial Group lowered their target price on shares of NIO from $8.30 to $5.90 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Finally, Bank of America upped their price target on shares of NIO from $5.90 to $6.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, NIO has a consensus rating of “Hold” and a consensus target price of $7.55.

View 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

Want to see what other hedge funds are holding NIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nio Inc – (NYSE:NIOFree Report).

Institutional Ownership by Quarter for NIO (NYSE:NIO)

Receive News & Ratings for NIO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIO and related companies with MarketBeat.com's FREE daily email newsletter.