Sava Infond d.o.o. Makes New $44,000 Investment in Nio Inc – (NYSE:NIO)

Sava Infond d.o.o. purchased a new stake in shares of Nio Inc – (NYSE:NIO) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 10,000 shares of the company’s stock, valued at approximately $44,000.

Several other institutional investors have also recently made changes to their positions in NIO. FMR LLC grew its position in NIO by 5,388.5% during the third quarter. FMR LLC now owns 5,394,895 shares of the company’s stock worth $36,038,000 after buying an additional 5,296,601 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of NIO during the third quarter worth about $4,879,000. SG Americas Securities LLC increased its position in shares of NIO by 104.8% in the fourth quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock worth $5,018,000 after purchasing an additional 589,082 shares during the last quarter. Quadrature Capital Ltd raised its stake in NIO by 32.3% in the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock valued at $14,756,000 after purchasing an additional 538,907 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in NIO during the fourth quarter valued at approximately $1,776,000. Institutional investors own 48.55% of the company’s stock.

Wall Street Analysts Forecast Growth

NIO has been the topic of a number of research analyst reports. HSBC lowered shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Citigroup dropped their price target on NIO from $8.90 to $8.10 and set a “buy” rating for the company in a research note on Monday. Hsbc Global Res lowered NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded NIO from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Finally, Mizuho reduced their price target on shares of NIO from $5.00 to $4.20 and set a “neutral” rating on the stock in a research report on Monday. Two analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.00.

NIO Stock Performance

NYSE:NIO opened at $3.99 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Nio Inc – has a fifty-two week low of $3.61 and a fifty-two week high of $7.71. The firm has a market cap of $8.32 billion, a PE ratio of -2.64 and a beta of 1.81. The business has a 50 day moving average price of $4.44 and a 200-day moving average price of $4.85.

NIO (NYSE:NIO) last announced its quarterly earnings results 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). The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company earned ($2.81) EPS. Equities research analysts predict that Nio Inc – will post -1.43 earnings per share for the current 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.