72,100 Shares in Nio Inc – (NYSE:NIO) Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP acquired a new stake in Nio Inc – (NYSE:NIO) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 72,100 shares of the company’s stock, valued at approximately $314,000.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of 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 acquiring an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp boosted its position in NIO by 131.8% during the fourth 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 during the period. Callan Family Office LLC acquired a new position in shares of NIO in the fourth quarter valued at $44,000. Sava Infond d.o.o. bought a new position in shares of NIO in the fourth quarter valued at about $44,000. Finally, Trilogy Capital Inc. acquired a new stake in shares of NIO during the 4th quarter worth about $45,000. 48.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

NIO Stock Up 0.1 %

Shares of NIO opened at $3.53 on Monday. Nio Inc – has a one year low of $3.02 and a one year high of $7.71. The firm has a 50 day simple moving average of $4.17 and a two-hundred day simple moving average of $4.55. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The company has a market cap of $7.36 billion, a P/E ratio of -2.33 and a beta of 1.74.

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