Nio Inc – (NYSE:NIO) Stock Holdings Increased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Nio Inc – (NYSE:NIOFree Report) by 1.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,171,410 shares of the company’s stock after purchasing an additional 22,177 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of NIO worth $9,957,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Electron Capital Partners LLC purchased a new position in shares of NIO during the 3rd quarter valued at $37,918,000. Banque Pictet & Cie SA acquired a new stake in NIO during the third quarter valued at $2,486,000. Van ECK Associates Corp grew its stake in NIO by 9.8% in the fourth quarter. Van ECK Associates Corp now owns 536,774 shares of the company’s stock valued at $4,869,000 after purchasing an additional 47,773 shares in the last quarter. TORQ CAPITAL MANAGEMENT HK Ltd increased its position in NIO by 275.1% in the 3rd quarter. TORQ CAPITAL MANAGEMENT HK Ltd now owns 284,700 shares of the company’s stock worth $2,574,000 after purchasing an additional 208,800 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of NIO by 7.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 60,178 shares of the company’s stock worth $546,000 after purchasing an additional 4,045 shares in the last quarter. Institutional investors and hedge funds own 48.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NIO. Mizuho reissued a “neutral” rating and issued a $5.50 price target on shares of NIO in a research note on Monday, March 25th. Jefferies Financial Group dropped their price target 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. Sanford C. Bernstein cut their price target on shares of NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a report on Thursday, March 7th. Bank of America decreased their price objective on shares of NIO from $7.50 to $6.50 and set a “neutral” rating for the company in a report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. raised shares of NIO from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $4.80 to $5.40 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.48.

Check Out Our Latest Analysis on NIO

NIO Stock Performance

NYSE NIO opened at $5.28 on Friday. The stock has a 50-day simple moving average of $4.86 and a 200 day simple moving average of $6.26. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.22 and a quick ratio of 1.13. Nio Inc – has a twelve month low of $3.61 and a twelve month high of $16.18.

NIO (NYSE:NIOGet Free Report) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.39) by ($0.42). NIO had a negative return on equity of 110.72% and a negative net margin of 38.09%. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $18.16 billion. During the same quarter in the previous year, the business posted ($0.51) EPS. The company’s revenue was up 6.5% on a year-over-year basis. On average, research analysts forecast that Nio Inc – will post -1.26 EPS for the current fiscal year.

NIO Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NIO (NYSE:NIO)

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