SG Americas Securities LLC Boosts Holdings in NIO Inc. $NIO

SG Americas Securities LLC grew its stake in shares of NIO Inc. (NYSE:NIO) by 67.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,027,161 shares of the company’s stock after purchasing an additional 2,020,754 shares during the period. SG Americas Securities LLC owned approximately 0.22% of NIO worth $30,314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NIO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in NIO by 3,966.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company’s stock valued at $20,255,000 after acquiring an additional 5,185,565 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of NIO by 50.9% during the 2nd quarter. Franklin Resources Inc. now owns 17,707 shares of the company’s stock worth $61,000 after acquiring an additional 5,974 shares during the period. Invesco Ltd. raised its position in shares of NIO by 22.7% in the 2nd quarter. Invesco Ltd. now owns 2,738,308 shares of the company’s stock worth $9,392,000 after acquiring an additional 506,618 shares in the last quarter. First Trust Advisors LP raised its position in shares of NIO by 67.4% in the 2nd quarter. First Trust Advisors LP now owns 73,280 shares of the company’s stock worth $251,000 after acquiring an additional 29,501 shares in the last quarter. Finally, AXA S.A. purchased a new position in shares of NIO in the 2nd quarter valued at approximately $64,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein restated a “market perform” rating and set a $6.00 price target on shares of NIO in a research report on Friday, May 22nd. Dbs Bank raised NIO from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 16th. HSBC upgraded shares of NIO from a “hold” rating to a “buy” rating and boosted their target price for the company from $4.80 to $6.80 in a report on Friday, March 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NIO in a research report on Friday, May 1st. Finally, Nomura raised shares of NIO from a “neutral” rating to a “buy” rating and set a $6.60 price target for the company in a research report on Wednesday, March 11th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $6.70.

NIO Stock Performance

NIO stock opened at $5.09 on Wednesday. NIO Inc. has a twelve month low of $3.38 and a twelve month high of $8.02. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $12.64 billion, a P/E ratio of -9.25 and a beta of 0.92. The stock’s 50 day moving average is $5.83 and its 200 day moving average is $5.39.

NIO (NYSE:NIO) last announced its quarterly earnings data on Friday, May 22nd. The company reported $0.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.08. NIO had a negative return on equity of 318.96% and a negative net margin of 8.78%.The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the business earned ($0.41) earnings per share. The firm’s quarterly revenue was up 112.2% compared to the same quarter last year. On average, equities research analysts predict that NIO Inc. will post -0.13 earnings per share for the current fiscal year.

About NIO

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.