OLD Mission Capital LLC Has $1.28 Million Stock Holdings in Nio Inc – (NYSE:NIO)

OLD Mission Capital LLC decreased its stake in shares of Nio Inc – (NYSE:NIO) by 43.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 293,719 shares of the company’s stock after selling 229,129 shares during the period. OLD Mission Capital LLC’s holdings in NIO were worth $1,281,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of NIO. Toronto Dominion Bank grew its position in shares of NIO by 1,652,962.5% in the third quarter. Toronto Dominion Bank now owns 132,245 shares of the company’s stock valued at $883,000 after purchasing an additional 132,237 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in NIO in the 4th quarter valued at $1,360,000. AlphaStar Capital Management LLC bought a new position in NIO during the 4th quarter worth $537,000. FMR LLC lifted its holdings in shares of 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. Finally, Main Management ETF Advisors LLC bought a new stake in shares of NIO in the third quarter valued at about $1,327,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NIO. Hsbc Global Res cut shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. downgraded shares of 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 research report on Tuesday, February 4th. Mizuho cut their price target on NIO from $5.00 to $4.20 and set a “neutral” rating for the company in a research note on Monday, March 24th. Cfra Research upgraded NIO to a “hold” rating in a research note on Friday, March 21st. Finally, Citigroup cut their target price on NIO from $8.90 to $8.10 and set a “buy” rating for the company in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has issued 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 price target of $5.17.

NIO Trading Down 1.6 %

Shares of NIO stock opened at $3.81 on Thursday. Nio Inc – has a fifty-two week low of $3.57 and a fifty-two week high of $7.71. The stock’s fifty day moving average price is $4.40 and its two-hundred day moving average price is $4.80. 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 company has a market cap of $7.95 billion, a PE ratio of -2.52 and a beta of 1.81.

NIO (NYSE:NIO) last released 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). The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business earned ($2.81) earnings per share. Equities analysts predict that Nio Inc – will post -1.43 EPS for the current fiscal 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.