Arizona PSPRS Trust Purchases Shares of 305,000 Nio Inc – (NYSE:NIO)

Arizona PSPRS Trust acquired a new stake in shares of Nio Inc – (NYSE:NIO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 305,000 shares of the company’s stock, valued at approximately $1,330,000. NIO comprises about 0.0% of Arizona PSPRS Trust’s investment portfolio, making the stock its 14th largest position.

A number of other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of NIO by 5,388.5% in the third quarter. FMR LLC now owns 5,394,895 shares of the company’s stock valued at $36,038,000 after purchasing an additional 5,296,601 shares in the last quarter. Flow Traders U.S. LLC bought a new position in NIO during the third quarter valued at $141,000. Hilltop Holdings Inc. bought a new stake in shares of NIO in the 3rd quarter worth about $130,000. XTX Topco Ltd purchased a new stake in shares of NIO during the 3rd quarter valued at about $1,178,000. Finally, Main Management ETF Advisors LLC purchased a new stake in shares of NIO during the 3rd quarter valued at about $1,327,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Price Performance

Shares of NIO stock opened at $3.46 on Friday. The company has a market capitalization of $7.21 billion, a P/E ratio of -2.29 and a beta of 1.74. The company’s 50-day simple moving average is $4.38 and its two-hundred day simple moving average is $4.78. Nio Inc – has a one year low of $3.20 and a one year high of $7.71. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

NIO (NYSE:NIO) last released its quarterly earnings data on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.14). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $20.19 billion. During the same quarter in the previous year, the business earned ($2.81) earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, equities analysts anticipate that Nio Inc – will post -1.43 EPS for the current year.

Analyst Ratings Changes

NIO has been the topic of several analyst reports. Cfra Research raised NIO to a “hold” rating in a research note on Friday, March 21st. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Mizuho dropped their price objective on shares of NIO from $5.00 to $4.20 and set a “neutral” rating for the company in a research note on Monday, March 24th. HSBC downgraded shares of NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Citigroup dropped their price target on shares of NIO from $8.90 to $8.10 and set a “buy” rating for the company in a research note on Monday, March 24th. One investment 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 stock. According to data from MarketBeat, NIO currently 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.