Legal & General Group Plc Has $31.18 Million Stock Position in NIO Inc. $NIO

Legal & General Group Plc reduced its stake in shares of NIO Inc. (NYSE:NIO) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,119,665 shares of the company’s stock after selling 129,055 shares during the quarter. Legal & General Group Plc’s holdings in NIO were worth $31,180,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NIO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of NIO by 3,966.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company’s stock worth $20,255,000 after buying an additional 5,185,565 shares during the period. Franklin Resources Inc. grew its position in shares of NIO by 50.9% during the 2nd quarter. Franklin Resources Inc. now owns 17,707 shares of the company’s stock worth $61,000 after buying an additional 5,974 shares during the period. Invesco Ltd. grew its position in shares of NIO by 22.7% during the 2nd quarter. Invesco Ltd. now owns 2,738,308 shares of the company’s stock worth $9,392,000 after buying an additional 506,618 shares during the period. First Trust Advisors LP grew its position in shares of NIO by 67.4% during the 2nd quarter. First Trust Advisors LP now owns 73,280 shares of the company’s stock worth $251,000 after buying an additional 29,501 shares during the period. Finally, AXA S.A. acquired a new position in shares of NIO during the 2nd quarter worth about $64,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Trading Up 0.6%

NYSE:NIO opened at $5.59 on Friday. NIO Inc. has a twelve month low of $3.34 and a twelve month high of $8.02. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 1.94. The business has a 50 day moving average price of $6.04 and a two-hundred day moving average price of $5.44. The company has a market cap of $12.83 billion, a P/E ratio of -10.15 and a beta of 0.97.

NIO (NYSE:NIO) last released its quarterly earnings results on Saturday, February 14th. The company reported $0.04 earnings per share for the quarter. NIO had a negative return on equity of 318.96% and a negative net margin of 8.78%.The firm had revenue of $4.95 billion during the quarter. As a group, analysts expect that NIO Inc. will post -0.2 EPS for the current fiscal year.

Trending Headlines about NIO

Here are the key news stories impacting NIO this week:

• Positive Sentiment: NIO launched the ES9 flagship SUV, which is being seen as a major product refresh that could boost pre-orders and future deliveries. NIO launches ES9 flagship SUV with 620km maximum range
• Positive Sentiment: The ES9’s lower pricing and quick delivery timeline are helping investors see a clearer path to stronger sales conversion and improved brand competitiveness. Nio surges 9% after releasing first flagship EV in more than two years
• Positive Sentiment: Recent reports highlighted improving fundamentals, including reduced losses, stronger deliveries, and better margin trends, reinforcing the turnaround narrative. Nio Shares Jump 10% After China’s Largest Electric SUV Unveiling
• Neutral Sentiment: NIO CEO William Li warned that China’s auto market may not return to its prior “golden era,” underscoring a tougher industry backdrop even as NIO pushes its new products. China’s auto industry is unlikely to return to ‘golden era’, NIO CEO says

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NIO. Dbs Bank upgraded NIO from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 16th. Bank of America reiterated a “neutral” rating and set a $6.80 price objective on shares of NIO in a report on Thursday, May 21st. Sanford C. Bernstein reiterated a “market perform” rating and set a $6.00 price objective on shares of NIO in a report on Friday, May 22nd. Nomura upgraded NIO from a “neutral” rating to a “buy” rating and set a $6.60 price objective on the stock in a report on Wednesday, March 11th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of NIO in a report on Friday, May 1st. Seven equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.