GSA Capital Partners LLP Takes $481,000 Position in Nio Inc – (NYSE:NIO)

GSA Capital Partners LLP purchased a new stake in Nio Inc – (NYSE:NIO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 72,044 shares of the company’s stock, valued at approximately $481,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ridgewood Investments LLC purchased a new position in NIO during the second quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC purchased a new position in NIO in the 3rd quarter worth approximately $32,000. Baader Bank Aktiengesellschaft purchased a new position in NIO in the 2nd quarter worth approximately $53,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in NIO by 22.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock worth $61,000 after buying an additional 2,651 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in NIO in the 2nd quarter worth approximately $63,000. Institutional investors own 48.55% of the company’s stock.

NIO Stock Down 0.6 %

Shares of NYSE NIO opened at $4.64 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. Nio Inc – has a 12 month low of $3.61 and a 12 month high of $9.57. The firm has a market capitalization of $7.98 billion, a PE ratio of -3.05 and a beta of 1.91. The firm has a fifty day simple moving average of $5.53 and a two-hundred day simple moving average of $4.91.

NIO (NYSE:NIO) last released its earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $17.49 billion. During the same period in the prior year, the firm earned ($0.51) EPS. The company’s revenue was up 98.9% compared to the same quarter last year. Equities analysts expect that Nio Inc – will post -1.37 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NIO shares. Wolfe Research started coverage on shares of NIO in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Daiwa America upgraded shares of NIO to a “strong-buy” rating in a report on Monday, September 30th. Macquarie upgraded shares of NIO from a “neutral” rating to an “outperform” rating and set a $6.60 price objective for the company in a report on Monday, October 28th. JPMorgan Chase & Co. upgraded shares of 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, Citigroup lowered their price target on shares of NIO from $8.50 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.11.

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.