Sigma Planning Corp Has $2.60 Million Stock Position in Nio Inc – (NYSE:NIO)

Sigma Planning Corp lowered its holdings in Nio Inc – (NYSE:NIO) by 12.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,796 shares of the company’s stock after selling 6,626 shares during the quarter. Sigma Planning Corp’s holdings in NIO were worth $2,596,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NIO. Deutsche Bank AG grew its holdings in NIO by 56.6% in the 2nd quarter. Deutsche Bank AG now owns 5,850,309 shares of the company’s stock valued at $311,236,000 after buying an additional 2,114,782 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in NIO in the 2nd quarter valued at approximately $82,827,000. Segantii Capital Management Ltd grew its holdings in NIO by 282.7% in the 2nd quarter. Segantii Capital Management Ltd now owns 2,105,000 shares of the company’s stock valued at $111,986,000 after buying an additional 1,555,000 shares during the last quarter. Vanguard Group Inc. grew its holdings in NIO by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 46,324,185 shares of the company’s stock valued at $2,464,447,000 after buying an additional 1,433,633 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in NIO by 228.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,657,988 shares of the company’s stock valued at $64,628,000 after buying an additional 1,153,631 shares during the last quarter. 29.41% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:NIO opened at $36.24 on Thursday. Nio Inc – has a 1 year low of $23.73 and a 1 year high of $66.99. The company has a current ratio of 2.48, a quick ratio of 2.38 and a debt-to-equity ratio of 0.37. The stock has a market cap of $56.86 billion, a price-to-earnings ratio of -42.63 and a beta of 2.50. The stock has a 50-day moving average price of $38.08 and a two-hundred day moving average price of $40.20.

NIO (NYSE:NIO) last posted its earnings results on Wednesday, August 11th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.12. NIO had a negative return on equity of 36.97% and a negative net margin of 29.68%. The firm had revenue of $1.31 billion during the quarter. Sell-side analysts forecast that Nio Inc – will post -0.79 earnings per share for the current year.

Several brokerages have recently weighed in on NIO. The Goldman Sachs Group raised NIO from a “neutral” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Thursday, October 7th. Citigroup reissued a “neutral” rating on shares of NIO in a report on Thursday, August 12th. Finally, HSBC decreased their price objective on NIO from $69.00 to $47.00 and set a “buy” rating on the stock in a report on Sunday, September 26th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NIO presently has an average rating of “Buy” and a consensus price target of $63.82.

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.

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Institutional Ownership by Quarter for NIO (NYSE:NIO)

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