AMF Tjanstepension AB Boosts Stock Holdings in Nio Inc – (NYSE:NIO)

AMF Tjanstepension AB boosted its stake in shares of Nio Inc – (NYSE:NIO) by 132.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,562,200 shares of the company’s stock after acquiring an additional 889,900 shares during the period. AMF Tjanstepension AB owned 0.09% of NIO worth $7,030,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NIO. Hsbc Holdings PLC lifted its position in NIO by 238.6% during the fourth quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock valued at $64,070,000 after purchasing an additional 4,976,403 shares during the last quarter. Electron Capital Partners LLC bought a new position in NIO during the third quarter valued at $37,918,000. Quadrature Capital Ltd bought a new position in NIO during the fourth quarter valued at $12,361,000. Norges Bank bought a new position in NIO during the fourth quarter valued at $9,652,000. Finally, Linden Advisors LP bought a new position in NIO during the third quarter valued at $8,972,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Stock Down 5.2 %

NYSE:NIO opened at $4.16 on Friday. The company has a market cap of $7.15 billion, a PE ratio of -2.46 and a beta of 1.80. Nio Inc – has a twelve month low of $3.61 and a twelve month high of $16.18. The company has a current ratio of 1.15, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $4.86 and its two-hundred day moving average is $5.69.

NIO (NYSE:NIO) last announced its quarterly earnings data on Thursday, June 6th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.05). NIO had a negative net margin of 39.38% and a negative return on equity of 111.91%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.48 billion. Analysts anticipate that Nio Inc – will post -1.41 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on NIO. Mizuho reiterated a “neutral” rating and set a $5.50 price objective on shares of NIO in a research report on Monday, March 25th. JPMorgan Chase & Co. upgraded shares of NIO from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $4.80 to $5.40 in a report on Wednesday, May 15th. Bank of America raised their target price on shares of NIO from $5.90 to $6.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. Sanford C. Bernstein cut their price objective on shares of NIO from $7.50 to $5.50 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. Finally, Macquarie started coverage on shares of NIO in a research report on Monday, April 15th. They issued a “neutral” rating and a $5.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.55.

About NIO

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.