Clear Street Group Inc. Purchases New Position in NIO Inc. $NIO

Clear Street Group Inc. acquired a new position in NIO Inc. (NYSE:NIO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 176,137 shares of the company’s stock, valued at approximately $898,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of 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 purchasing an additional 5,185,565 shares in the last quarter. Franklin Resources Inc. increased its position in NIO by 50.9% during the second quarter. Franklin Resources Inc. now owns 17,707 shares of the company’s stock worth $61,000 after buying an additional 5,974 shares during the last quarter. Invesco Ltd. lifted its position in shares of NIO by 22.7% in the second quarter. Invesco Ltd. now owns 2,738,308 shares of the company’s stock worth $9,392,000 after buying an additional 506,618 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of NIO by 67.4% during 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. acquired a new position in shares of NIO during the 2nd quarter valued at about $64,000. Institutional investors own 48.55% of the company’s stock.

NIO Price Performance

Shares of NYSE:NIO opened at $5.21 on Tuesday. The company has a market cap of $12.92 billion, a price-to-earnings ratio of -9.46 and a beta of 0.92. The business has a 50 day moving average price of $5.98 and a 200 day moving average price of $5.40. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 1.94. NIO Inc. has a twelve month low of $3.34 and a twelve month high of $8.02.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Sanford C. Bernstein reissued a “market perform” rating and issued a $6.00 price objective on shares of NIO in a research note on Friday, May 22nd. Bank of America reiterated a “neutral” rating and set a $6.80 price target 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 on the stock in a research report on Wednesday, March 11th. Weiss Ratings restated a “sell (e+)” rating on shares of NIO in a research note on Friday, May 1st. Finally, Dbs Bank upgraded shares of NIO from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 16th. 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, the company has an average rating of “Hold” and an average price target of $6.70.

NIO Company 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.