SG Americas Securities LLC Raises Position in NIO Inc. $NIO

SG Americas Securities LLC lifted its position in NIO Inc. (NYSE:NIO) by 67.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,027,161 shares of the company’s stock after acquiring an additional 2,020,754 shares during the period. SG Americas Securities LLC’s holdings in NIO were worth $30,314,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NIO. Aspex Management HK Ltd purchased a new position in NIO in the 3rd quarter worth approximately $266,700,000. Voloridge Investment Management LLC boosted its stake in NIO by 14.4% during the 4th quarter. Voloridge Investment Management LLC now owns 13,498,709 shares of the company’s stock valued at $68,843,000 after purchasing an additional 1,694,023 shares during the last quarter. Ghisallo Capital Management LLC purchased a new stake in NIO during the 3rd quarter valued at $91,440,000. Bank of America Corp DE increased its holdings in shares of NIO by 157.4% in the 3rd quarter. Bank of America Corp DE now owns 8,838,076 shares of the company’s stock worth $67,346,000 after purchasing an additional 5,405,140 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of NIO by 14.5% in the 4th quarter. Renaissance Technologies LLC now owns 8,489,400 shares of the company’s stock worth $43,296,000 after purchasing an additional 1,075,960 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Price Performance

NYSE NIO opened at $5.09 on Wednesday. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of -9.25 and a beta of 0.92. NIO Inc. has a 1-year low of $3.38 and a 1-year high of $8.02. 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 business’s fifty day moving average price is $5.83 and its 200-day moving average price is $5.39.

NIO (NYSE:NIO) last issued its quarterly earnings data on Friday, May 22nd. The company reported $0.00 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.08. NIO had a negative return on equity of 318.96% and a negative net margin of 8.78%.The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the company posted ($0.41) earnings per share. NIO’s revenue was up 112.2% compared to the same quarter last year. On average, equities analysts predict that NIO Inc. will post -0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NIO shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NIO in a report on Friday, May 1st. Nomura upgraded NIO from a “neutral” rating to a “buy” rating and set a $6.60 price objective for the company in a report on Wednesday, March 11th. Dbs Bank raised NIO from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 16th. Bank of America restated a “neutral” rating and set a $6.80 target price on shares of NIO in a research note on Thursday, May 21st. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $6.00 target price on shares of NIO in a research note on Friday, May 22nd. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, NIO has an average rating of “Hold” and an average price target of $6.70.

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.