Trexquant Investment LP Makes New Investment in Nio Inc – (NYSE:NIO)

Trexquant Investment LP acquired a new stake in Nio Inc – (NYSE:NIO) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 758,110 shares of the company’s stock, valued at approximately $3,305,000.

Several other institutional investors have also recently modified their holdings of NIO. PDS Planning Inc raised its position in NIO by 13.0% during the 4th quarter. PDS Planning Inc now owns 22,786 shares of the company’s stock worth $99,000 after buying an additional 2,627 shares during the last quarter. Franklin Resources Inc. lifted its holdings in NIO by 20.4% in the 4th quarter. Franklin Resources Inc. now owns 16,486 shares of the company’s stock valued at $72,000 after purchasing an additional 2,788 shares in the last quarter. Perigon Wealth Management LLC raised its stake in NIO by 24.1% during the fourth quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock worth $61,000 after purchasing an additional 2,867 shares during the period. BSW Wealth Partners raised its holdings in NIO by 21.4% in the 4th quarter. BSW Wealth Partners now owns 20,423 shares of the company’s stock valued at $89,000 after buying an additional 3,606 shares during the period. Finally, Blue Trust Inc. lifted its stake in NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after acquiring an additional 3,607 shares in the last quarter. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NIO shares. Mizuho decreased their target price on NIO from $5.00 to $4.20 and set a “neutral” rating for the company in a research note on Monday, March 24th. HSBC downgraded shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut shares of NIO from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. Cfra Research raised NIO to a “hold” rating in a research note on Friday, March 21st. Finally, Citigroup decreased their price objective on NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a research note on Monday, March 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.17.

NIO Price Performance

NIO opened at $3.46 on Monday. The company has a market capitalization of $7.21 billion, a P/E ratio of -2.29 and a beta of 1.74. The company has a 50-day moving average of $4.38 and a 200-day moving average of $4.77. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Nio Inc – has a 1-year low of $3.12 and a 1-year high of $7.71.

NIO (NYSE:NIO) last announced its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the business earned ($2.81) earnings per share. Equities analysts expect that Nio Inc – will post -1.43 EPS 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.