Quintet Private Bank Europe S.A. Lowers Stock Holdings in Nio Inc – (NYSE:NIO)

Quintet Private Bank Europe S.A. lowered its stake in shares of Nio Inc – (NYSE:NIO) by 62.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,000 shares of the company’s stock after selling 13,041 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in NIO were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NIO. Krane Funds Advisors LLC lifted its stake in NIO by 23.6% in the fourth quarter. Krane Funds Advisors LLC now owns 1,343,591 shares of the company’s stock valued at $12,186,000 after buying an additional 256,835 shares during the last quarter. Gordian Capital Singapore Pte Ltd increased its stake in NIO by 38.4% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 13,840 shares of the company’s stock valued at $126,000 after purchasing an additional 3,840 shares during the period. Gallagher Fiduciary Advisors LLC raised its holdings in shares of NIO by 4.2% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 93,250 shares of the company’s stock valued at $846,000 after buying an additional 3,800 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in shares of NIO during the fourth quarter worth about $2,040,000. Finally, Caas Capital Management LP purchased a new stake in NIO during the 4th quarter valued at approximately $144,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Stock Performance

Shares of NYSE NIO traded down $0.08 during midday trading on Friday, hitting $4.33. 23,556,994 shares of the company’s stock were exchanged, compared to its average volume of 49,617,676. The stock’s 50 day moving average price is $4.82 and its 200-day moving average price is $5.90. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.15 and a quick ratio of 1.03. The firm has a market cap of $7.44 billion, a P/E ratio of -2.56 and a beta of 1.80. Nio Inc – has a twelve month low of $3.61 and a twelve month high of $16.18.

NIO (NYSE:NIO) last released its earnings results on Thursday, June 6th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.05). NIO had a negative net margin of 39.38% and a negative return on equity of 111.91%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.48 billion. Equities research analysts anticipate that Nio Inc – will post -1.33 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Macquarie initiated coverage on shares of NIO in a report on Monday, April 15th. They issued a “neutral” rating and a $5.00 target price on the stock. Jefferies Financial Group reduced their price objective on shares of NIO from $8.30 to $5.90 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. JPMorgan Chase & Co. upgraded NIO from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $4.80 to $5.40 in a report on Wednesday, May 15th. Mizuho reissued a “neutral” rating and set a $5.50 target price on shares of NIO in a research report on Monday, March 25th. Finally, Citigroup reduced their price objective on NIO from $10.40 to $8.50 and set a “buy” rating on the stock in a research note on Thursday, June 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, NIO presently has a consensus rating of “Hold” and an average target price of $7.55.

About NIO

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.