GSA Capital Partners LLP Purchases Shares of 72,044 Nio Inc – (NYSE:NIO)

GSA Capital Partners LLP purchased a new stake in shares of Nio Inc – (NYSE:NIO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 72,044 shares of the company’s stock, valued at approximately $481,000.

Other large investors have also added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its holdings in shares of NIO by 13.9% in the first quarter. Westwood Holdings Group Inc. now owns 16,649 shares of the company’s stock worth $75,000 after buying an additional 2,038 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of NIO by 11.5% in the third quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock worth $160,000 after buying an additional 2,482 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of NIO by 15.5% in the third quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after buying an additional 2,588 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of NIO by 22.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock worth $61,000 after buying an additional 2,651 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of NIO by 4.8% in the second quarter. Assenagon Asset Management S.A. now owns 63,093 shares of the company’s stock worth $262,000 after buying an additional 2,915 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Analyst Ratings Changes

NIO has been the topic of several research reports. Macquarie upgraded shares of NIO from a “neutral” rating to an “outperform” rating and set a $6.60 price target on the stock in a research report on Monday, October 28th. Wolfe Research initiated coverage on shares of NIO in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Bank of America boosted their price target on shares of NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. JPMorgan Chase & Co. upgraded shares of NIO from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $5.30 to $8.00 in a research report on Friday, September 6th. Finally, Citigroup reduced their price target on shares of NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NIO has an average rating of “Hold” and a consensus price target of $6.11.

NIO Stock Down 0.6 %

Shares of NIO opened at $4.64 on Wednesday. The firm has a market capitalization of $7.98 billion, a P/E ratio of -3.05 and a beta of 1.91. Nio Inc – has a 12-month low of $3.61 and a 12-month high of $9.57. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a fifty day moving average price of $5.53 and a 200-day moving average price of $4.91.

NIO (NYSE:NIO) last issued its earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($2.21). The firm had revenue of $17.45 billion during the quarter, compared to analyst estimates of $17.49 billion. NIO had a negative net margin of 32.47% and a negative return on equity of 104.61%. The business’s revenue was up 98.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.51) earnings per share. Equities research analysts expect that Nio Inc – will post -1.37 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.