Skandinaviska Enskilda Banken AB publ Acquires 19,700 Shares of Nio Inc – (NYSE:NIO)

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Nio Inc – (NYSE:NIO) by 11.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 196,904 shares of the company’s stock after purchasing an additional 19,700 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in NIO were worth $819,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ridgewood Investments LLC bought a new position in shares of NIO during the second quarter valued at approximately $25,000. Sound Income Strategies LLC lifted its position in 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 acquiring an additional 10,000 shares during the last quarter. Perigon Wealth Management LLC purchased a new stake in NIO during the first quarter valued at approximately $51,000. Baader Bank Aktiengesellschaft purchased a new stake in NIO during the second quarter valued at approximately $53,000. Finally, Edge Wealth Management LLC purchased a new stake in NIO during the first quarter valued at approximately $54,000. 48.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NIO has been the subject of a number of analyst reports. Citigroup decreased their target price on shares of NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Bank of America increased their target price on shares of NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Wolfe Research began coverage on shares of NIO in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $5.30 to $8.00 in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, NIO presently has an average rating of “Hold” and a consensus target price of $5.93.

NIO Stock Up 0.9 %

NYSE:NIO opened at $5.33 on Tuesday. The firm has a market capitalization of $9.15 billion, a P/E ratio of -3.15 and a beta of 1.82. Nio Inc – has a 1-year low of $3.61 and a 1-year high of $9.57. The company’s fifty day moving average price is $4.43 and its 200-day moving average price is $4.68. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 1.01.

NIO (NYSE:NIO) last released its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, hitting analysts’ consensus estimates of ($2.21). The firm had revenue of $17.45 billion for the quarter, compared to analyst estimates of $17.49 billion. NIO had a negative net margin of 32.47% and a negative return on equity of 104.61%. The business’s quarterly revenue was up 98.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.51) earnings per share. As a group, equities research analysts anticipate that Nio Inc – will post -1.41 EPS for the current year.

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.