Nio Inc – (NYSE:NIO) Holdings Raised by Krane Funds Advisors LLC

Krane Funds Advisors LLC increased its stake in Nio Inc – (NYSE:NIO) by 39.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 662,100 shares of the company’s stock after purchasing an additional 187,260 shares during the quarter. NIO makes up 0.1% of Krane Funds Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Krane Funds Advisors LLC’s holdings in NIO were worth $2,887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NIO. Arizona PSPRS Trust purchased a new position in shares of NIO during the fourth quarter valued at $1,330,000. Trexquant Investment LP acquired a new position in shares of NIO in the 4th quarter valued at about $3,305,000. Franklin Resources Inc. lifted its position in shares of NIO by 20.4% in the fourth quarter. Franklin Resources Inc. now owns 16,486 shares of the company’s stock worth $72,000 after purchasing an additional 2,788 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of NIO by 28.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 41,104 shares of the company’s stock worth $179,000 after purchasing an additional 9,222 shares in the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new position in NIO during the fourth quarter valued at approximately $93,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Stock Down 7.6 %

NIO opened at $3.46 on Monday. The business has a 50 day moving average of $4.38 and a 200-day moving average of $4.77. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of -2.29 and a beta of 1.74. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. Nio Inc – has a 1-year low of $3.12 and a 1-year high of $7.71.

NIO (NYSE:NIO) last issued its quarterly earnings results 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). NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $20.19 billion. During the same quarter in the prior year, the firm earned ($2.81) earnings per share. The company’s revenue was up 15.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Nio Inc – will post -1.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.