KBC Group NV reduced its stake in shares of Nio Inc – (NYSE:NIO) by 47.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 181,060 shares of the company’s stock after selling 163,659 shares during the quarter. KBC Group NV’s holdings in NIO were worth $7,058,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement Association of Colorado raised its stake in shares of NIO by 12,500.0% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 504 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares in the last quarter. Baldwin Brothers Inc. MA acquired a new position in NIO during the first quarter worth about $29,000. Eudaimonia Partners LLC acquired a new position in NIO during the third quarter worth about $30,000. Atlas Private Wealth Advisors grew its holdings in NIO by 1,133.3% during the fourth quarter. Atlas Private Wealth Advisors now owns 740 shares of the company’s stock worth $36,000 after acquiring an additional 680 shares during the period. Finally, Wolff Wiese Magana LLC acquired a new position in NIO during the fourth quarter worth about $39,000.
NIO has been the topic of a number of research analyst reports. Nomura initiated coverage on NIO in a report on Friday, January 22nd. They set a “buy” rating and a $80.30 target price on the stock. Morgan Stanley lifted their target price on NIO from $33.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, January 28th. HSBC lifted their target price on NIO from $44.70 to $54.00 and gave the stock a “hold” rating in a report on Friday, February 26th. Mizuho lifted their price target on NIO from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday. They noted that the move was a valuation call. Finally, Jefferies Financial Group dropped their price target on NIO from $60.00 to $38.80 and set a “hold” rating on the stock in a research note on Monday, March 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $48.89.
NIO (NYSE:NIO) last announced its quarterly earnings results on Monday, March 1st. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.89). The firm had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.71 billion. NIO’s revenue was up 133.2% compared to the same quarter last year. During the same period last year, the company posted ($2.73) EPS. As a group, equities research analysts predict that Nio Inc – will post -0.73 earnings per share for the current year.
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.
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