Nio Inc – (NYSE:NIO) Stock Position Reduced by Barclays PLC

Barclays PLC trimmed its position in Nio Inc – (NYSE:NIO) by 42.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 509,985 shares of the company’s stock after selling 374,440 shares during the period. Barclays PLC’s holdings in NIO were worth $2,222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in NIO. PDS Planning Inc boosted its holdings in NIO by 13.0% in the fourth quarter. PDS Planning Inc now owns 22,786 shares of the company’s stock worth $99,000 after purchasing an additional 2,627 shares during the period. Franklin Resources Inc. lifted its position in shares of NIO by 20.4% in the 4th quarter. Franklin Resources Inc. now owns 16,486 shares of the company’s stock worth $72,000 after buying an additional 2,788 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of NIO by 24.1% in the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock valued at $61,000 after buying an additional 2,867 shares during the period. BSW Wealth Partners grew its position in shares of NIO by 21.4% during the 4th quarter. BSW Wealth Partners now owns 20,423 shares of the company’s stock valued at $89,000 after buying an additional 3,606 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after acquiring an additional 3,607 shares during the period. 48.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NIO has been the subject of a number of research reports. Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. 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 research report on Tuesday, February 4th. Cfra Research raised NIO to a “hold” rating in a research report on Friday, March 21st. HSBC cut NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Citigroup restated a “buy” rating on shares of NIO in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, NIO presently has a consensus rating of “Hold” and an average price target of $5.05.

NIO Trading Down 4.5 %

NYSE:NIO opened at $4.05 on Thursday. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of -2.68 and a beta of 1.74. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Nio Inc – has a 1 year low of $3.02 and a 1 year high of $7.71. The business has a fifty day moving average of $4.11 and a 200-day moving average of $4.45.

NIO (NYSE:NIO) last announced its earnings results 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 net margin of 33.41% and a negative return on equity of 113.83%. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $20.19 billion. During the same quarter in the prior year, the company earned ($2.81) EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. Equities analysts predict that Nio Inc – will post -1.43 earnings per share 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.