DRW Securities LLC Makes New Investment in Nio Inc – (NYSE:NIO)

DRW Securities LLC acquired a new stake in Nio Inc – (NYSE:NIO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,932 shares of the company’s stock, valued at approximately $140,000.

Other institutional investors have also modified their holdings of the company. Westwood Holdings Group Inc. raised its holdings in NIO by 13.9% in the first quarter. Westwood Holdings Group Inc. now owns 16,649 shares of the company’s stock valued at $75,000 after buying an additional 2,038 shares during the period. Ballentine Partners LLC lifted its stake in shares of NIO by 11.5% during the third quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock worth $160,000 after purchasing an additional 2,482 shares in the last quarter. Atomi Financial Group Inc. boosted its position in shares of NIO by 15.5% in the third quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after buying an additional 2,588 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of NIO by 22.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock valued at $61,000 after buying an additional 2,651 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of NIO by 4.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 63,093 shares of the company’s stock valued at $262,000 after buying an additional 2,915 shares during the period. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Analysts Set New Price Targets

NIO has been the subject of several analyst reports. The Goldman Sachs Group downgraded shares of NIO from a “neutral” rating to a “sell” rating and decreased their target price for the company from $4.80 to $3.90 in a research note on Monday. Daiwa America raised NIO to a “strong-buy” rating in a research report on Monday, September 30th. Wolfe Research assumed coverage on NIO in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Citigroup dropped their price objective on NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Finally, Bank of America increased their target price on NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, NIO has a consensus rating of “Hold” and an average price target of $5.71.

NIO Stock Performance

NIO stock opened at $4.38 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Nio Inc – has a 12 month low of $3.61 and a 12 month high of $9.57. The company has a fifty day moving average price of $5.45 and a two-hundred day moving average price of $4.89. The company has a market cap of $7.53 billion, a PE ratio of -2.90 and a beta of 1.91.

NIO (NYSE:NIO) last announced its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, meeting analysts’ consensus estimates of ($2.21). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The business had revenue of $17.45 billion during the quarter, compared to the consensus estimate of $17.49 billion. During the same quarter in the prior year, the firm earned ($0.51) EPS. The company’s revenue for the quarter was up 98.9% compared to the same quarter last year. Research analysts expect that Nio Inc – will post -1.39 earnings per share for the current year.

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.