DekaBank Deutsche Girozentrale Increases Stock Holdings in Nio Inc – (NYSE:NIO)

DekaBank Deutsche Girozentrale boosted its stake in shares of Nio Inc – (NYSE:NIO) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,303,549 shares of the company’s stock after buying an additional 3,548 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.08% of NIO worth $5,742,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ridgewood Investments LLC bought a new position in NIO during the second quarter valued at $25,000. Principal Securities Inc. purchased a new stake in NIO in the 4th quarter worth about $42,000. Newbridge Financial Services Group Inc. lifted its stake in NIO by 272.3% in the first quarter. Newbridge Financial Services Group Inc. now owns 9,400 shares of the company’s stock worth $42,000 after purchasing an additional 6,875 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of NIO by 3,333.3% during the first quarter. Sound Income Strategies LLC now owns 10,300 shares of the company’s stock valued at $46,000 after buying an additional 10,000 shares during the period. Finally, Perigon Wealth Management LLC bought a new position in shares of NIO during the first quarter valued at approximately $51,000. 48.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on NIO shares. Wolfe Research started coverage on NIO in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Citigroup reduced their price target on shares of NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $5.30 to $8.00 in a research report on Friday, September 6th. Finally, Bank of America raised their target price on shares of NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, NIO presently has a consensus rating of “Hold” and an average target price of $5.93.

NIO Price Performance

Shares of NIO opened at $5.41 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.11. The company has a 50 day moving average price of $4.37 and a 200-day moving average price of $4.69. Nio Inc – has a fifty-two week low of $3.61 and a fifty-two week high of $10.47. The stock has a market capitalization of $9.30 billion, a PE ratio of -3.20 and a beta of 1.82.

NIO (NYSE:NIO) last posted its earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, hitting analysts’ consensus estimates of ($2.21). The company had revenue of $17.45 billion during the quarter, compared to analyst estimates of $17.49 billion. NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. NIO’s revenue was up 98.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.51) earnings per share. Equities analysts predict that Nio Inc – will post -1.41 earnings per share for the current fiscal year.

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.