Hsbc Holdings PLC Boosts Stock Position in NIO Inc. $NIO

Hsbc Holdings PLC lifted its stake in NIO Inc. (NYSE:NIO) by 48.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 680,382 shares of the company’s stock after purchasing an additional 223,178 shares during the quarter. Hsbc Holdings PLC’s holdings in NIO were worth $3,445,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NIO. Atlantic Union Bankshares Corp grew its holdings in NIO by 98.3% in the 4th quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock valued at $30,000 after buying an additional 2,950 shares in the last quarter. Arax Advisory Partners raised its holdings in shares of NIO by 81.6% during the 4th quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock worth $40,000 after acquiring an additional 3,487 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in shares of NIO during the 4th quarter worth $41,000. MV Capital Management Inc. acquired a new position in shares of NIO during the 4th quarter valued at about $42,000. Finally, Allworth Financial LP boosted its position in shares of NIO by 183.5% during the 3rd quarter. Allworth Financial LP now owns 6,596 shares of the company’s stock valued at $50,000 after acquiring an additional 4,269 shares during the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Stock Performance

Shares of NIO stock opened at $4.85 on Monday. The firm’s 50 day moving average price is $5.73 and its 200-day moving average price is $5.39. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.90 and a current ratio of 1.01. NIO Inc. has a one year low of $3.38 and a one year high of $8.02. The firm has a market cap of $12.04 billion, a P/E ratio of -8.82 and a beta of 0.92.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NIO shares. Dbs Bank raised shares of NIO from a “hold” rating to a “moderate buy” rating in a report on Monday, March 16th. Bank of America reiterated a “neutral” rating and issued a $6.80 target price on shares of NIO in a report on Thursday, May 21st. 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 note on Wednesday, March 11th. HSBC upgraded shares of NIO from a “hold” rating to a “buy” rating and raised their price target for the stock from $4.80 to $6.80 in a report on Friday, March 13th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NIO in a research report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.70.

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.