Baillie Gifford & Co. Decreases Stock Holdings in Nio Inc – (NYSE:NIO)

Baillie Gifford & Co. reduced its holdings in Nio Inc – (NYSE:NIO) by 83.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,904,985 shares of the company’s stock after selling 95,730,817 shares during the period. Baillie Gifford & Co. owned approximately 1.10% of NIO worth $85,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Hsbc Holdings PLC lifted its position in NIO by 238.6% in the fourth quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock worth $64,070,000 after buying an additional 4,976,403 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of NIO in the 4th quarter worth about $12,361,000. Norges Bank purchased a new position in shares of NIO during the 4th quarter worth about $9,652,000. AMF Tjanstepension AB grew its stake in shares of NIO by 132.4% during the first quarter. AMF Tjanstepension AB now owns 1,562,200 shares of the company’s stock valued at $7,030,000 after buying an additional 889,900 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new stake in NIO in the fourth quarter worth $2,943,000. 48.55% of the stock is currently owned by institutional investors.

NIO Price Performance

NIO traded down $0.25 during trading on Friday, hitting $4.62. The stock had a trading volume of 61,604,007 shares, compared to its average volume of 35,875,532. Nio Inc – has a twelve month low of $3.61 and a twelve month high of $16.18. The stock has a 50 day simple moving average of $4.91 and a two-hundred day simple moving average of $5.58. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.15 and a quick ratio of 1.03.

NIO (NYSE:NIO) last issued its quarterly earnings results on Thursday, June 6th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.05). The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.48 billion. NIO had a negative return on equity of 111.91% and a negative net margin of 39.38%. As a group, research analysts forecast that Nio Inc – will post -1.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of NIO from $5.90 to $6.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Citigroup dropped 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. Macquarie initiated coverage on NIO in a research report on Monday, April 15th. They set a “neutral” rating and a $5.00 target price for the company. UBS Group dropped their price target on NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Finally, JPMorgan Chase & Co. upgraded NIO from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $4.80 to $5.40 in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.