Napatree Capital LLC Makes New $119,000 Investment in Nio Inc – (NYSE:NIO)

Napatree Capital LLC bought a new stake in shares of Nio Inc – (NYSE:NIO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,125 shares of the company’s stock, valued at approximately $119,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hsbc Holdings PLC grew its stake in NIO by 238.6% in the fourth quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock valued at $64,070,000 after purchasing an additional 4,976,403 shares in the last quarter. Electron Capital Partners LLC grew its stake in shares of NIO by 5.6% in the 4th quarter. Electron Capital Partners LLC now owns 4,429,960 shares of the company’s stock valued at $40,180,000 after buying an additional 235,521 shares in the last quarter. Royal London Asset Management Ltd. grew its stake in shares of NIO by 11.9% in the 3rd quarter. Royal London Asset Management Ltd. now owns 2,308,000 shares of the company’s stock valued at $20,853,000 after buying an additional 245,800 shares in the last quarter. Quadrature Capital Ltd acquired a new position in NIO in the fourth quarter worth approximately $12,361,000. Finally, Krane Funds Advisors LLC raised its position in NIO by 23.6% during the fourth quarter. Krane Funds Advisors LLC now owns 1,343,591 shares of the company’s stock valued at $12,186,000 after acquiring an additional 256,835 shares in the last quarter. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Trading Down 2.3 %

Shares of NYSE NIO opened at $4.33 on Tuesday. Nio Inc – has a 1-year low of $3.61 and a 1-year high of $16.18. The company has a market cap of $7.44 billion, a PE ratio of -2.62 and a beta of 1.80. The company has a current ratio of 1.15, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average of $4.82 and a two-hundred day moving average of $5.86.

NIO (NYSE:NIO) last issued its quarterly earnings results on Thursday, June 6th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.05). NIO had a negative return on equity of 111.91% and a negative net margin of 39.38%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.48 billion. As a group, equities analysts expect that Nio Inc – will post -1.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Mizuho restated a “neutral” rating and set a $5.50 price target on shares of NIO in a research note on Monday, March 25th. Barclays restated an “underweight” rating and set a $4.00 price target (down previously from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. Bank of America increased their price target on shares of NIO from $5.90 to $6.00 and gave the stock a “neutral” rating in a research note on Friday, June 7th. JPMorgan Chase & Co. upgraded shares of NIO from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $4.80 to $5.40 in a research note on Wednesday, May 15th. Finally, Macquarie assumed coverage on shares of NIO in a research note on Monday, April 15th. They set a “neutral” rating and a $5.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, NIO has an average rating of “Hold” and a consensus target price of $7.55.

About NIO

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.