Bridgewater Associates LP Has $5.17 Million Stock Holdings in Nio Inc – (NYSE:NIO)

Bridgewater Associates LP boosted its stake in shares of Nio Inc – (NYSE:NIO) by 28.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,185,674 shares of the company’s stock after buying an additional 263,338 shares during the period. Bridgewater Associates LP owned approximately 0.06% of NIO worth $5,170,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. SG Americas Securities LLC raised its holdings in shares of NIO by 104.8% during the fourth quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock worth $5,018,000 after acquiring an additional 589,082 shares during the period. Swedbank AB lifted its holdings in shares of NIO by 0.8% in the fourth quarter. Swedbank AB now owns 1,068,110 shares of the company’s stock valued at $4,657,000 after purchasing an additional 9,000 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of NIO in the fourth quarter valued at about $3,305,000. Handelsbanken Fonder AB boosted its position in shares of NIO by 27.7% during the fourth quarter. Handelsbanken Fonder AB now owns 726,014 shares of the company’s stock worth $3,165,000 after buying an additional 157,333 shares during the period. Finally, Krane Funds Advisors LLC grew its holdings in shares of NIO by 39.4% during the fourth quarter. Krane Funds Advisors LLC now owns 662,100 shares of the company’s stock worth $2,887,000 after buying an additional 187,260 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on NIO. Citigroup reduced their price target on NIO from $8.90 to $8.10 and set a “buy” rating for the company in a research report on Monday, March 24th. Cfra Research upgraded shares of NIO to a “hold” rating in a report on Friday, March 21st. Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. downgraded shares of NIO from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. Finally, HSBC downgraded NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NIO presently has an average rating of “Hold” and an average price target of $5.05.

NIO Trading Up 0.1 %

Shares of NYSE:NIO opened at $3.53 on Friday. The company has a 50-day simple moving average of $4.18 and a 200 day simple moving average of $4.61. The company has a market capitalization of $7.36 billion, a P/E ratio of -2.33 and a beta of 1.74. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Nio Inc – has a 52-week low of $3.02 and a 52-week high of $7.71.

NIO (NYSE:NIO) last released its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The business’s quarterly revenue 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. Sell-side analysts forecast that Nio Inc – will post -1.43 earnings per share for the current 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.