Nio Inc – (NYSE:NIO) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lessened its position in Nio Inc – (NYSE:NIO) by 6.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 922,336 shares of the company’s stock after selling 66,636 shares during the period. Bridgewater Associates LP owned approximately 0.05% of NIO worth $6,161,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NIO. Westwood Holdings Group Inc. raised its position in 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 acquiring an additional 2,038 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of NIO by 11.5% in the 3rd quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock worth $160,000 after purchasing an additional 2,482 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in shares of NIO by 15.5% in the 3rd quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after purchasing an additional 2,588 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in NIO by 22.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock valued at $61,000 after purchasing an additional 2,651 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in NIO by 4.8% during 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. Institutional investors and hedge funds own 48.55% of the company’s stock.

Analysts Set New Price Targets

NIO has been the subject of a number of recent research reports. Bank of America increased their price objective on NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Wolfe Research started coverage on NIO in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. raised NIO from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $5.30 to $8.00 in a research note on Friday, September 6th. Daiwa America raised shares of NIO to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Macquarie downgraded shares of NIO from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $6.60 to $4.80 in a research report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.71.

NIO Trading Up 2.3 %

Shares of NYSE:NIO opened at $4.48 on Friday. The firm has a fifty day moving average of $5.42 and a two-hundred day moving average of $4.88. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Nio Inc – has a 12-month low of $3.61 and a 12-month high of $9.57. The firm has a market capitalization of $7.70 billion, a P/E ratio of -2.97 and a beta of 1.91.

NIO (NYSE:NIO) last released its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($2.21). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm had revenue of $17.45 billion during the quarter, compared to analysts’ expectations of $17.49 billion. During the same quarter last year, the firm earned ($0.51) earnings per share. The business’s revenue for the quarter was up 98.9% on a year-over-year basis. On average, equities analysts expect that Nio Inc – will post -1.39 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.