Nio Inc – (NYSE:NIO) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Nio Inc – (NYSE:NIO) by 89.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 130,726 shares of the company’s stock after selling 1,093,707 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NIO were worth $570,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in NIO in the 4th quarter valued at approximately $1,360,000. SIH Partners LLLP boosted its position in NIO by 23.1% in the 4th quarter. SIH Partners LLLP now owns 933,700 shares of the company’s stock valued at $4,071,000 after buying an additional 175,000 shares during the period. Arizona PSPRS Trust purchased a new position in NIO in the 4th quarter valued at approximately $1,330,000. Raymond James Financial Inc. purchased a new position in NIO in the 4th quarter valued at approximately $1,776,000. Finally, Bridgewater Associates LP boosted its position in NIO by 28.6% in the 4th quarter. Bridgewater Associates LP now owns 1,185,674 shares of the company’s stock valued at $5,170,000 after buying an additional 263,338 shares during the period. 48.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on NIO shares. Mizuho decreased their price target on shares of NIO from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday, June 3rd. Citigroup reiterated a “buy” rating on shares of NIO in a research note on Monday, April 28th. Cfra Research upgraded shares of NIO to a “hold” rating in a research note on Friday, March 21st. Finally, Barclays lowered their target price on shares of NIO from $4.00 to $3.00 and set an “underweight” rating for the company in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.76.

NIO Price Performance

Shares of NIO opened at $3.75 on Thursday. Nio Inc – has a 1-year low of $3.02 and a 1-year high of $7.71. The stock has a market cap of $7.83 billion, a PE ratio of -2.48 and a beta of 1.62. 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 firm has a fifty day moving average price of $3.77 and a 200 day moving average price of $4.19.

NIO (NYSE:NIO) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.23). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $12.46 billion. During the same period last year, the firm earned ($2.39) earnings per share. NIO’s revenue was up 21.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Nio Inc – will post -1.43 EPS for the current year.

NIO 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.