Nio Inc – (NYSE:NIO) Shares Bought by Creative Planning

Creative Planning grew its holdings in shares of Nio Inc – (NYSE:NIO) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 290,558 shares of the company’s stock after purchasing an additional 22,240 shares during the period. Creative Planning’s holdings in NIO were worth $1,941,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Point72 Asset Management L.P. boosted its stake in shares of NIO by 164.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 6,464,246 shares of the company’s stock worth $26,891,000 after acquiring an additional 4,018,659 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of NIO by 28.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 2,431,771 shares of the company’s stock worth $10,950,000 after acquiring an additional 535,400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of NIO by 23.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,317,758 shares of the company’s stock worth $10,430,000 after acquiring an additional 439,474 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of NIO by 64.6% during the 1st quarter. SG Americas Securities LLC now owns 1,895,544 shares of the company’s stock worth $8,530,000 after acquiring an additional 744,067 shares in the last quarter. Finally, Krane Funds Advisors LLC boosted its stake in shares of NIO by 31.7% during the 2nd quarter. Krane Funds Advisors LLC now owns 1,538,781 shares of the company’s stock worth $6,401,000 after acquiring an additional 370,556 shares in the last quarter. Institutional investors and hedge funds own 48.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NIO shares. Wolfe Research started coverage on NIO in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Citigroup reduced their target price on NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Bank of America upped their target price on NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Macquarie raised NIO from a “neutral” rating to an “outperform” rating and set a $6.60 target price on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. raised NIO from a “neutral” rating to an “overweight” rating and upped their target price for the company from $5.30 to $8.00 in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.11.

NIO Trading Up 10.5 %

Shares of NIO opened at $5.81 on Tuesday. The stock has a fifty day moving average of $5.33 and a two-hundred day moving average of $4.85. 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 market capitalization of $9.99 billion, a PE ratio of -3.82 and a beta of 1.86. Nio Inc – has a fifty-two week low of $3.61 and a fifty-two week high of $9.57.

NIO (NYSE:NIO) last issued its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share for the quarter, meeting the consensus estimate of ($2.21). The company had revenue of $17.45 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted ($0.51) EPS. As a group, analysts forecast that Nio Inc – will post -1.37 EPS 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.