Legal & General Group Plc Sells 129,055 Shares of NIO Inc. $NIO

Legal & General Group Plc cut its stake in shares of NIO Inc. (NYSE:NIO) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,119,665 shares of the company’s stock after selling 129,055 shares during the quarter. Legal & General Group Plc owned approximately 0.29% of NIO worth $31,180,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NIO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of NIO by 3,966.7% during the first 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 during the period. Franklin Resources Inc. increased its stake in shares of NIO by 50.9% in the second quarter. Franklin Resources Inc. now owns 17,707 shares of the company’s stock valued at $61,000 after buying an additional 5,974 shares in the last quarter. Invesco Ltd. increased its stake in shares of NIO by 22.7% in the second quarter. Invesco Ltd. now owns 2,738,308 shares of the company’s stock valued at $9,392,000 after buying an additional 506,618 shares in the last quarter. First Trust Advisors LP increased its stake in shares of NIO by 67.4% in the second quarter. First Trust Advisors LP now owns 73,280 shares of the company’s stock valued at $251,000 after buying an additional 29,501 shares in the last quarter. Finally, AXA S.A. acquired a new stake in shares of NIO in the second quarter valued at $64,000. 48.55% of the stock is owned by institutional investors.

Key Headlines Impacting NIO

Here are the key news stories impacting NIO this week:

• Positive Sentiment: NIO launched the ES9 flagship SUV, which is being seen as a major product refresh that could boost pre-orders and future deliveries. NIO launches ES9 flagship SUV with 620km maximum range
• Positive Sentiment: The ES9’s lower pricing and quick delivery timeline are helping investors see a clearer path to stronger sales conversion and improved brand competitiveness. Nio surges 9% after releasing first flagship EV in more than two years
• Positive Sentiment: Recent reports highlighted improving fundamentals, including reduced losses, stronger deliveries, and better margin trends, reinforcing the turnaround narrative. Nio Shares Jump 10% After China’s Largest Electric SUV Unveiling
• Neutral Sentiment: NIO CEO William Li warned that China’s auto market may not return to its prior “golden era,” underscoring a tougher industry backdrop even as NIO pushes its new products. China’s auto industry is unlikely to return to ‘golden era’, NIO CEO says

NIO Price Performance

Shares of NIO stock opened at $5.59 on Friday. The stock has a 50-day moving average price of $6.04 and a 200 day moving average price of $5.44. 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 firm has a market cap of $12.83 billion, a price-to-earnings ratio of -10.15 and a beta of 0.97. NIO Inc. has a 12 month low of $3.34 and a 12 month high of $8.02.

NIO (NYSE:NIO) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.04 EPS for the quarter. The firm 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%. Research analysts expect that NIO Inc. will post -0.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Nomura upgraded NIO from a “neutral” rating to a “buy” rating and set a $6.60 target price for the company in a research note on Wednesday, March 11th. Sanford C. Bernstein restated a “market perform” rating and issued a $6.00 target price on shares of NIO in a research note on Friday, May 22nd. Bank of America restated a “neutral” rating and issued a $6.80 target price on shares of NIO in a research note on Thursday, May 21st. Dbs Bank upgraded NIO from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 16th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of NIO in a research note on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.70.

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.