Nio Inc – (NYSE:NIO) Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its holdings in Nio Inc – (NYSE:NIO) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 461,003 shares of the company’s stock after acquiring an additional 9,100 shares during the period. Public Sector Pension Investment Board’s holdings in NIO were worth $1,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ridgewood Investments LLC purchased a new position in shares of NIO during the second quarter worth $25,000. Sound Income Strategies LLC grew its position in NIO by 3,333.3% in the 1st quarter. Sound Income Strategies LLC now owns 10,300 shares of the company’s stock valued at $46,000 after acquiring an additional 10,000 shares in the last quarter. Perigon Wealth Management LLC purchased a new stake in NIO during the first quarter worth about $51,000. Baader Bank Aktiengesellschaft purchased a new position in shares of NIO in the second quarter valued at approximately $53,000. Finally, Edge Wealth Management LLC acquired a new position in shares of NIO in the first quarter valued at approximately $54,000. 48.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NIO has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded NIO from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $5.30 to $8.00 in a report on Friday, September 6th. Citigroup reduced their target price on shares of NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Wolfe Research started coverage on shares of NIO in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Bank of America raised their price objective on shares of NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.93.

NIO Stock Performance

Shares of NIO stock opened at $6.52 on Monday. 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’s fifty day moving average price is $4.54 and its two-hundred day moving average price is $4.68. The firm has a market capitalization of $11.21 billion, a P/E ratio of -3.86 and a beta of 1.82. Nio Inc – has a 12 month low of $3.61 and a 12 month high of $9.57.

NIO (NYSE:NIO) last announced its earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($2.21). The company had revenue of $17.45 billion for the quarter, compared to analyst estimates of $17.49 billion. NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. NIO’s quarterly revenue was up 98.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.51) EPS. On average, research analysts anticipate that Nio Inc – will post -1.37 earnings per share 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.