Rakuten Securities Inc. Takes Position in Nio Inc – (NYSE:NIO)

Rakuten Securities Inc. acquired a new stake in shares of Nio Inc – (NYSE:NIO) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,216 shares of the company’s stock, valued at approximately $38,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in NIO in the fourth quarter valued at $33,000. Peoples Bank KS bought a new stake in NIO in the third quarter valued at $46,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in NIO by 592.2% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 6,839 shares of the company’s stock valued at $67,000 after acquiring an additional 5,851 shares during the period. Wahed Invest LLC grew its position in NIO by 10.0% in the second quarter. Wahed Invest LLC now owns 9,339 shares of the company’s stock valued at $90,000 after acquiring an additional 848 shares during the period. Finally, Fountainhead AM LLC bought a new stake in NIO in the third quarter valued at $91,000. 48.55% of the stock is currently owned by institutional investors.

NIO Stock Performance

Shares of NIO opened at $3.99 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51. Nio Inc – has a 12-month low of $3.71 and a 12-month high of $16.18. The stock’s fifty day simple moving average is $5.21 and its 200-day simple moving average is $6.74.

NIO (NYSE:NIO) last released its earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share for the quarter, missing the consensus estimate of ($2.39) by ($0.42). NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The company had revenue of $17.10 billion during the quarter, compared to analyst estimates of $18.16 billion. During the same period in the previous year, the company posted ($0.51) EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts predict that Nio Inc – will post -1.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Jefferies Financial Group decreased their target price on NIO from $8.30 to $5.90 and set a “hold” rating on the stock in a report on Wednesday, March 6th. Sanford C. Bernstein decreased their target price on NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a report on Thursday, March 7th. Macquarie assumed coverage on NIO in a report on Monday. They set a “neutral” rating and a $5.00 target price on the stock. The Goldman Sachs Group assumed coverage on NIO in a report on Wednesday, January 3rd. They set a “neutral” rating on the stock. Finally, Bank of America decreased their target price on NIO from $7.50 to $6.50 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.43.

NIO 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.