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

XY Capital Ltd purchased a new position in NIO Inc. (NYSE:NIO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 311,060 shares of the company’s stock, valued at approximately $1,586,000. NIO comprises about 1.0% of XY Capital Ltd’s holdings, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in NIO. Atlantic Union Bankshares Corp increased its stake in shares of NIO by 98.3% in the fourth quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock worth $30,000 after buying an additional 2,950 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in NIO during the fourth quarter valued at $41,000. Allworth Financial LP increased its stake in NIO by 183.5% during the third quarter. Allworth Financial LP now owns 6,596 shares of the company’s stock valued at $50,000 after purchasing an additional 4,269 shares during the last quarter. Sandbox Financial Partners LLC bought a new stake in NIO during the fourth quarter valued at $51,000. Finally, Great Valley Advisor Group Inc. bought a new stake in NIO during the fourth quarter valued at $52,000. Institutional investors own 48.55% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NIO. Sanford C. Bernstein reiterated a “market perform” rating and set a $6.00 target price on shares of NIO in a research note on Friday, May 22nd. Dbs Bank upgraded shares of NIO from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 16th. HSBC upgraded shares of NIO from a “hold” rating to a “buy” rating and boosted their target price for the company from $4.80 to $6.80 in a research note on Friday, March 13th. Bank of America reiterated a “neutral” rating and set a $6.80 target price on shares of NIO in a research note on Thursday, May 21st. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of NIO in a research note on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.70.

NIO Stock Up 1.1%

NIO stock opened at $5.24 on Friday. The company has a 50-day simple moving average of $6.02 and a 200-day simple moving average of $5.40. The firm has a market capitalization of $13.00 billion, a P/E ratio of -9.52 and a beta of 0.92. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.90 and a current ratio of 1.01. NIO Inc. has a one year low of $3.34 and a one year high of $8.02.

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

NIO 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.