Aviva PLC Decreases Stake in Nio Inc – (NYSE:NIO)

Aviva PLC reduced its stake in shares of Nio Inc – (NYSE:NIO) by 0.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 904,962 shares of the company’s stock after selling 3,780 shares during the period. Aviva PLC’s holdings in NIO were worth $3,946,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after acquiring an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of NIO by 131.8% during the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after purchasing an additional 4,332 shares in the last quarter. Callan Family Office LLC acquired a new position in shares of NIO during the 4th quarter worth approximately $44,000. Sava Infond d.o.o. purchased a new stake in NIO in the 4th quarter valued at approximately $44,000. Finally, Trilogy Capital Inc. acquired a new stake in NIO during the 4th quarter valued at $45,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Trading Up 5.4 %

Shares of NIO opened at $3.31 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $6.90 billion, a P/E ratio of -2.19 and a beta of 1.74. The stock’s fifty day simple moving average is $4.27 and its 200 day simple moving average is $4.71. Nio Inc – has a twelve month low of $3.02 and a twelve month high of $7.71.

NIO (NYSE:NIO) last issued its earnings results 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 firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business posted ($2.81) earnings per share. On average, equities research analysts forecast that Nio Inc – will post -1.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. HSBC cut NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Mizuho lowered their target price on NIO from $5.00 to $4.20 and set a “neutral” rating on the stock in a report on Monday, March 24th. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Finally, Cfra Research upgraded NIO to a “hold” rating in a report on Friday, March 21st. One research analyst has 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 company. According to MarketBeat, NIO currently has an average rating of “Hold” and an average price target of $5.17.

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.