Trexquant Investment LP Makes New $3.31 Million Investment in Nio Inc – (NYSE:NIO)

Trexquant Investment LP bought a new stake in shares of Nio Inc – (NYSE:NIO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 758,110 shares of the company’s stock, valued at approximately $3,305,000.

Several other large investors have also added to or reduced their stakes in NIO. Toronto Dominion Bank lifted its stake in 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 buying an additional 132,237 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of NIO during the fourth quarter valued at approximately $1,360,000. AlphaStar Capital Management LLC acquired a new position in NIO during the fourth quarter worth $537,000. FMR LLC lifted its position in NIO by 5,388.5% in the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company’s stock valued at $36,038,000 after acquiring an additional 5,296,601 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in NIO by 140.2% during the 3rd quarter. Principal Financial Group Inc. now owns 75,100 shares of the company’s stock worth $502,000 after acquiring an additional 43,839 shares during the last quarter. Institutional investors and hedge funds own 48.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on NIO shares. Citigroup decreased their price objective on shares of NIO from $8.90 to $8.10 and set a “buy” rating for the company in a report on Monday, March 24th. Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Mizuho cut their price objective on NIO from $5.00 to $4.20 and set a “neutral” rating for the company in a report on Monday, March 24th. Finally, Cfra Research raised NIO to a “hold” rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NIO has an average rating of “Hold” and an average target price of $5.17.

NIO Trading Down 7.6 %

Shares of NIO stock opened at $3.46 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of -2.29 and a beta of 1.74. Nio Inc – has a twelve month low of $3.12 and a twelve month high of $7.71. The business has a 50-day moving average price of $4.38 and a 200-day moving average price of $4.77.

NIO (NYSE:NIO) last posted its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. NIO’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the business earned ($2.81) earnings per share. Equities research analysts anticipate 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.