Pinpoint Asset Management Singapore Pte. Ltd. Acquires New Position in NIO Inc. $NIO

Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in NIO Inc. (NYSE:NIO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 139,176 shares of the company’s stock, valued at approximately $710,000.

Other hedge funds have also recently added to or reduced their stakes in the company. WT Asset Management Ltd acquired a new stake in NIO in the third quarter valued at about $142,120,000. Ghisallo Capital Management LLC acquired a new stake in shares of NIO during the 3rd quarter valued at approximately $91,440,000. HUB Investment Partners LLC acquired a new stake in shares of NIO during the 3rd quarter valued at approximately $1,758,000. SG Americas Securities LLC lifted its position in shares of NIO by 89.9% during the 4th quarter. SG Americas Securities LLC now owns 3,006,407 shares of the company’s stock valued at $15,333,000 after acquiring an additional 1,423,350 shares during the period. Finally, Centiva Capital LP lifted its position in shares of NIO by 198.4% during the 3rd quarter. Centiva Capital LP now owns 567,379 shares of the company’s stock valued at $4,323,000 after acquiring an additional 377,268 shares during the period. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Trading Down 0.5%

Shares of NIO opened at $5.21 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.01 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $6.00 and a 200-day simple moving average of $5.40. NIO Inc. has a 1-year low of $3.34 and a 1-year high of $8.02. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of -9.46 and a beta of 0.92.

NIO (NYSE:NIO) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.04 earnings per share for the quarter. NIO had a negative net margin of 8.78% and a negative return on equity of 318.96%. The business had revenue of $4.95 billion during the quarter. Equities analysts forecast that NIO Inc. will post -0.13 EPS for the current fiscal year.

Analyst Ratings Changes

NIO has been the subject of a number of research reports. Bank of America reiterated a “neutral” rating and set a $6.80 price target on shares of NIO in a research report on Thursday, May 21st. Dbs Bank upgraded shares of NIO from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 16th. HSBC upgraded shares of NIO from a “hold” rating to a “buy” rating and lifted their price target for the company from $4.80 to $6.80 in a research report on Friday, March 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of NIO in a research report on Friday, May 1st. Finally, Nomura upgraded shares of NIO from a “neutral” rating to a “buy” rating and set a $6.60 price target for the company in a research report on Wednesday, March 11th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.70.

NIO Company Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.