PDS Planning Inc Buys Shares of 12,548 Nio Inc – (NYSE:NIO)

PDS Planning Inc bought a new stake in Nio Inc – (NYSE:NIO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,548 shares of the company’s stock, valued at approximately $114,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Electron Capital Partners LLC purchased a new position in NIO in the third quarter valued at about $37,918,000. Royal London Asset Management Ltd. grew its stake in NIO by 11.9% in the third quarter. Royal London Asset Management Ltd. now owns 2,308,000 shares of the company’s stock valued at $20,853,000 after purchasing an additional 245,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in NIO by 7.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,055,591 shares of the company’s stock valued at $18,583,000 after purchasing an additional 134,234 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in NIO by 1.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 1,337,221 shares of the company’s stock valued at $12,608,000 after purchasing an additional 13,853 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in NIO by 4.5% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,279,198 shares of the company’s stock valued at $11,602,000 after purchasing an additional 54,682 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on NIO shares. Bank of America decreased their price target on NIO from $7.50 to $6.50 and set a “neutral” rating for the company in a research note on Wednesday, March 6th. The Goldman Sachs Group started coverage on NIO in a research note on Wednesday, January 3rd. They set a “neutral” rating for the company. UBS Group decreased their price target on NIO from $8.00 to $7.20 and set a “neutral” rating for the company in a research note on Thursday, March 14th. Macquarie started coverage on NIO in a research note on Monday, April 15th. They set a “neutral” rating and a $5.00 price target for the company. Finally, Sanford C. Bernstein decreased their price target on NIO from $7.50 to $5.50 and set a “market perform” rating for the company in a research note on Thursday, March 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.43.

NIO Price Performance

NYSE NIO opened at $4.02 on Wednesday. Nio Inc – has a one year low of $3.61 and a one year high of $16.18. The stock’s 50 day simple moving average is $5.13 and its 200 day simple moving average is $6.65. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.22.

NIO (NYSE:NIO) last announced its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) EPS for the quarter, missing analysts’ consensus estimates of ($2.39) by ($0.42). The firm had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.51) earnings per share. Sell-side analysts anticipate that Nio Inc – will post -1.26 EPS for the current fiscal year.

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.