Nio Inc – (NYSE:NIO) Stock Holdings Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in Nio Inc – (NYSE:NIO) by 32.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,416,709 shares of the company’s stock after buying an additional 343,910 shares during the period. Bank of New York Mellon Corp owned approximately 0.08% of NIO worth $5,894,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NIO. Hsbc Holdings PLC raised its position in NIO by 238.6% in the fourth quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock worth $64,070,000 after acquiring an additional 4,976,403 shares in the last quarter. Electron Capital Partners LLC lifted its stake in NIO by 5.6% during the fourth quarter. Electron Capital Partners LLC now owns 4,429,960 shares of the company’s stock valued at $40,180,000 after purchasing an additional 235,521 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in NIO by 28.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 2,431,771 shares of the company’s stock worth $10,950,000 after buying an additional 535,400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in NIO by 23.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,317,758 shares of the company’s stock worth $10,430,000 after buying an additional 439,474 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of NIO by 64.6% in the first quarter. SG Americas Securities LLC now owns 1,895,544 shares of the company’s stock valued at $8,530,000 after buying an additional 744,067 shares in the last quarter. Institutional investors and hedge funds own 48.55% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Citigroup reduced their price objective on NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Wolfe Research began coverage on NIO in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. upgraded NIO from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $5.30 to $8.00 in a report on Friday, September 6th. Finally, Bank of America raised their target price on shares of NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, NIO currently has a consensus rating of “Hold” and a consensus price target of $5.93.

NIO Price Performance

Shares of NIO opened at $5.28 on Friday. The business’s 50-day moving average is $4.32 and its 200-day moving average is $4.70. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 1.01. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of -3.12 and a beta of 1.82. Nio Inc – has a fifty-two week low of $3.61 and a fifty-two week high of $10.72.

NIO (NYSE:NIO) last released its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, meeting the consensus estimate of ($2.21). NIO had a negative net margin of 32.47% and a negative return on equity of 104.61%. The firm had revenue of $17.45 billion for the quarter, compared to analyst estimates of $17.49 billion. During the same quarter in the prior year, the business earned ($0.51) EPS. The company’s revenue for the quarter was up 98.9% compared to the same quarter last year. Equities research analysts expect that Nio Inc – will post -1.41 EPS for the current fiscal 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.