Nio Inc – (NYSE:NIO) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its stake in Nio Inc – (NYSE:NIOGet Rating) by 5.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 15,748 shares of the company’s stock after selling 851 shares during the quarter. Fisher Asset Management LLC’s holdings in NIO were worth $331,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in NIO by 358.7% during the 1st quarter. Larson Financial Group LLC now owns 9,981 shares of the company’s stock worth $210,000 after purchasing an additional 7,805 shares during the last quarter. MCF Advisors LLC acquired a new stake in NIO during the 1st quarter worth $2,950,000. Russell Investments Group Ltd. boosted its stake in NIO by 19.2% during the 1st quarter. Russell Investments Group Ltd. now owns 1,108,925 shares of the company’s stock worth $23,454,000 after purchasing an additional 178,801 shares during the last quarter. Prospera Financial Services Inc boosted its stake in NIO by 12.5% during the 1st quarter. Prospera Financial Services Inc now owns 30,091 shares of the company’s stock worth $633,000 after purchasing an additional 3,346 shares during the last quarter. Finally, Adviser Investments LLC boosted its stake in NIO by 32.1% during the 1st quarter. Adviser Investments LLC now owns 12,356 shares of the company’s stock worth $260,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 42.98% of the company’s stock.

NIO Stock Performance

Shares of NIO stock opened at $20.22 on Friday. The company has a quick ratio of 1.93, a current ratio of 2.02 and a debt-to-equity ratio of 0.33. Nio Inc – has a 52 week low of $11.67 and a 52 week high of $46.38. The stock has a market capitalization of $33.75 billion, a PE ratio of -27.32 and a beta of 1.98. The firm has a 50 day moving average of $20.33 and a two-hundred day moving average of $20.13.

NIO (NYSE:NIOGet Rating) last issued its quarterly earnings results on Thursday, June 9th. The company reported ($0.79) EPS for the quarter, beating the consensus estimate of ($1.03) by $0.24. NIO had a negative net margin of 19.67% and a negative return on equity of 24.99%. The company had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.86 billion. During the same quarter last year, the company posted ($0.48) EPS. The firm’s revenue was up 24.2% compared to the same quarter last year. On average, research analysts predict that Nio Inc – will post -0.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on NIO. Mizuho reduced their price target on NIO from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, June 27th. Morgan Stanley reduced their price target on NIO from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Friday, June 10th. Nomura reduced their price target on NIO from $51.50 to $25.80 in a report on Friday, July 1st. HSBC lifted their price target on NIO from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, June 30th. Finally, Citigroup reduced their price objective on shares of NIO from $87.00 to $41.10 and set a “buy” rating on the stock in a report on Tuesday, June 21st. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.71.

NIO Profile

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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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Institutional Ownership by Quarter for NIO (NYSE:NIO)

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