AI Squared Management Ltd Buys New Position in Nio Inc – (NYSE:NIO)

AI Squared Management Ltd acquired a new stake in Nio Inc – (NYSE:NIO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 342,000 shares of the company’s stock, valued at approximately $1,491,000. NIO accounts for approximately 1.5% of AI Squared Management Ltd’s portfolio, making the stock its 20th biggest holding.

A number of other hedge funds have also modified their holdings of NIO. Blue Trust Inc. boosted its stake in NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after purchasing an additional 3,607 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after acquiring an additional 4,332 shares in the last quarter. Callan Family Office LLC acquired a new position in shares of NIO during the fourth quarter worth about $44,000. Trilogy Capital Inc. acquired a new stake in NIO in the fourth quarter valued at about $45,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in NIO in the 4th quarter valued at approximately $53,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NIO shares. Cfra Research raised NIO to a “hold” rating in a research note on Friday. Hsbc Global Res lowered NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. HSBC cut shares of NIO from a “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 lowered their price target for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Finally, Mizuho reduced their target price on NIO from $5.00 to $4.20 and set a “neutral” rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, NIO presently has a consensus rating of “Hold” and an average target price of $5.00.

NIO Price Performance

Shares of NYSE:NIO opened at $4.39 on Tuesday. The business has a fifty day simple moving average of $4.43 and a 200-day simple moving average of $4.87. Nio Inc – has a 52 week low of $3.61 and a 52 week high of $7.71. The company has a market cap of $9.15 billion, a P/E ratio of -2.90 and a beta of 1.81. 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 (NYSE:NIO) last posted its quarterly earnings data on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same period in the prior year, the company earned ($2.81) EPS. The company’s revenue was up 15.2% compared to the same quarter last year. Equities research analysts forecast that Nio Inc – will post -1.43 EPS for the current year.

NIO Company 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.