IPG Investment Advisors LLC Cuts Holdings in Nio Inc – (NYSE:NIO)

IPG Investment Advisors LLC decreased its position in Nio Inc – (NYSE:NIO) by 33.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,934 shares of the company’s stock after selling 11,500 shares during the period. IPG Investment Advisors LLC’s holdings in NIO were worth $100,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after acquiring an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp grew its stake in NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after purchasing an additional 4,332 shares during the period. Sava Infond d.o.o. purchased a new stake in shares of NIO during the 4th quarter valued at $44,000. Callan Family Office LLC bought a new stake in shares of NIO during the 4th quarter worth $44,000. Finally, Trilogy Capital Inc. bought a new stake in shares of NIO during the 4th quarter worth $45,000. Institutional investors own 48.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. HSBC lowered shares of NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Citigroup lowered their price target on shares of NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a report on Monday, March 24th. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Finally, Mizuho lowered their target price on NIO from $5.00 to $4.20 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.00.

NIO Trading Down 5.9 %

NYSE:NIO opened at $3.75 on Monday. Nio Inc – has a 1 year low of $3.61 and a 1 year high of $7.71. The stock’s fifty day moving average price is $4.43 and its two-hundred day moving average price is $4.83. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The company has a market cap of $7.82 billion, a P/E ratio of -2.48 and a beta of 1.81.

NIO (NYSE:NIO) last issued its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $20.19 billion. During the same period last year, the company posted ($2.81) EPS. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, analysts expect that Nio Inc – will post -1.43 EPS for the current year.

NIO Company Profile

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.