Invesco Ltd. Boosts Stock Holdings in Nio Inc – (NYSE:NIO)

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Invesco Ltd. boosted its position in Nio Inc – (NYSE:NIO) by 111.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,861,728 shares of the company’s stock after purchasing an additional 981,215 shares during the period. Invesco Ltd.’s holdings in NIO were worth $4,747,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NIO. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in NIO during the 2nd quarter valued at $4,450,000. Gulf International Bank UK Ltd bought a new stake in NIO during the 2nd quarter valued at $281,000. Aviva PLC bought a new stake in NIO during the 2nd quarter valued at $507,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in NIO by 15.2% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,351,301 shares of the company’s stock valued at $5,996,000 after acquiring an additional 309,381 shares during the period. Finally, Intersect Capital LLC bought a new stake in NIO during the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 36.93% of the company’s stock.

A number of equities research analysts have issued reports on NIO shares. China Renaissance Securities started coverage on shares of NIO in a report on Thursday, September 26th. They set a “hold” rating and a $2.00 target price on the stock. Zacks Investment Research cut shares of NIO from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Goldman Sachs Group cut shares of NIO from a “buy” rating to a “neutral” rating and lowered their target price for the company from $9.76 to $1.47 in a report on Friday, October 4th. Bank of America set a $2.50 target price on shares of NIO and gave the company a “sell” rating in a report on Tuesday, September 24th. Finally, Wolfe Research cut shares of NIO from an “outperform” rating to a “peer perform” rating and set a $1.90 target price on the stock. in a report on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. NIO presently has a consensus rating of “Hold” and an average target price of $4.83.

NIO stock opened at $1.56 on Friday. The stock has a market cap of $1.68 billion and a P/E ratio of -0.15. Nio Inc – has a fifty-two week low of $1.19 and a fifty-two week high of $10.64. The firm’s fifty day moving average price is $2.51 and its 200-day moving average price is $3.48. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.80 and a current ratio of 0.97.

NIO (NYSE:NIO) last released its quarterly earnings results on Tuesday, September 24th. The company reported ($3.11) earnings per share for the quarter, missing the consensus estimate of ($0.46) by ($2.65). The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.21 billion. The business’s revenue for the quarter was up 3180.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($57.82) earnings per share. Sell-side analysts predict that Nio Inc – will post -1.61 earnings per share for the current year.

NIO Company 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.

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Institutional Ownership by Quarter for NIO (NYSE:NIO)

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