Hsbc Holdings PLC Acquires 223,178 Shares of NIO Inc. $NIO

Hsbc Holdings PLC grew its holdings in shares of NIO Inc. (NYSE:NIO) by 48.8% in the fourth quarter, HoldingsChannel reports. 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ghisallo Capital Management LLC purchased a new position in shares of NIO during the 3rd quarter valued at $91,440,000. SG Americas Securities LLC increased its stake in NIO by 89.9% in the 4th quarter. SG Americas Securities LLC now owns 3,006,407 shares of the company’s stock worth $15,333,000 after buying an additional 1,423,350 shares in the last quarter. Centiva Capital LP raised its holdings in NIO by 198.4% during the third quarter. Centiva Capital LP now owns 567,379 shares of the company’s stock valued at $4,323,000 after acquiring an additional 377,268 shares during the period. Havemeyer Place LP bought a new stake in NIO during the fourth quarter valued at about $1,985,000. Finally, Aspex Management HK Ltd purchased a new position in shares of NIO in the third quarter valued at about $266,700,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NIO. Bank of America reaffirmed a “neutral” rating and issued a $6.80 price objective on shares of NIO in a research note on Thursday, May 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a research note on Friday, May 1st. Dbs Bank raised NIO from a “hold” rating to a “moderate buy” rating in a report on Monday, March 16th. Sanford C. Bernstein restated a “market perform” rating and issued a $6.00 price target on shares of NIO in a research note on Friday, May 22nd. Finally, HSBC raised shares of NIO from a “hold” rating to a “buy” rating and increased their price objective for the company from $4.80 to $6.80 in a report on Friday, March 13th. 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.70.

NIO Stock Performance

Shares of NIO stock opened at $4.78 on Friday. 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 stock’s fifty day moving average is $5.41 and its two-hundred day moving average is $5.38. NIO Inc. has a 52 week low of $3.69 and a 52 week high of $8.02. The company has a market capitalization of $11.86 billion, a PE ratio of -8.68 and a beta of 0.90.

NIO (NYSE:NIO) last released its earnings results on Saturday, February 14th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $4.95 billion during the quarter. NIO had a negative return on equity of 318.96% and a negative net margin of 8.78%. As a group, analysts expect that NIO Inc. will post -0.13 earnings per share for the current year.

NIO Profile

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.