311,060 Shares in NIO Inc. $NIO Purchased by XY Capital Ltd

XY Capital Ltd acquired a new position in NIO Inc. (NYSE:NIO) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 311,060 shares of the company’s stock, valued at approximately $1,586,000. NIO accounts for 1.0% of XY Capital Ltd’s holdings, making the stock its 22nd biggest position.

Other institutional investors have also bought and sold shares of the company. WT Asset Management Ltd acquired a new stake in NIO in the third quarter worth about $142,120,000. Ghisallo Capital Management LLC acquired a new stake in NIO in the 3rd quarter valued at about $91,440,000. HUB Investment Partners LLC acquired a new stake in NIO in the 3rd quarter valued at about $1,758,000. SG Americas Securities LLC lifted its holdings in NIO by 89.9% in 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 last quarter. Finally, Centiva Capital LP lifted its holdings in NIO by 198.4% in 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 last quarter. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Price Performance

NIO stock opened at $5.24 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.90 and a debt-to-equity ratio of 1.94. NIO Inc. has a one year low of $3.34 and a one year high of $8.02. The firm has a market capitalization of $13.00 billion, a PE ratio of -9.52 and a beta of 0.92. The firm has a 50-day moving average of $6.02 and a two-hundred day moving average of $5.40.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NIO shares. Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a report on Friday, May 1st. Sanford C. Bernstein reissued a “market perform” rating and issued a $6.00 price target on shares of NIO in a report on Friday, May 22nd. Nomura raised shares of NIO from a “neutral” rating to a “buy” rating and set a $6.60 price target for the company in a report on Wednesday, March 11th. Dbs Bank raised shares of NIO from a “hold” rating to a “moderate buy” rating in a report on Monday, March 16th. Finally, Bank of America reissued a “neutral” rating and issued a $6.80 price target on shares of NIO in a report on Thursday, May 21st. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NIO currently 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.