Nio Inc – (NYSE:NIO) Position Reduced by Signaturefd LLC

Signaturefd LLC decreased its position in shares of Nio Inc – (NYSE:NIO) by 22.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,619 shares of the company’s stock after selling 10,985 shares during the period. Signaturefd LLC’s holdings in NIO were worth $164,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after purchasing an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in NIO by 131.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after purchasing an additional 4,332 shares in the last quarter. Callan Family Office LLC bought a new stake in NIO during the fourth quarter worth approximately $44,000. Trilogy Capital Inc. bought a new stake in NIO during the fourth quarter worth approximately $45,000. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in NIO during the fourth quarter worth approximately $53,000. Institutional investors own 48.55% of the company’s stock.

NIO Trading Down 4.4 %

NYSE NIO opened at $4.51 on Friday. Nio Inc – has a twelve month low of $3.61 and a twelve month high of $7.71. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The stock has a market cap of $9.40 billion, a price-to-earnings ratio of -2.98 and a beta of 1.81. The firm’s 50 day moving average price is $4.43 and its two-hundred day moving average price is $4.87.

NIO (NYSE:NIO) last posted its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.14). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $20.19 billion. During the same quarter in the previous year, the firm posted ($2.81) earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities analysts anticipate that Nio Inc – will post -1.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NIO shares. The Goldman Sachs Group cut NIO from a “neutral” rating to a “sell” rating and dropped their price target for the company from $4.80 to $3.90 in a report on Monday, November 25th. HSBC cut NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.03.

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.