Silicon Valley Capital Partners grew its holdings in shares of Nio Inc – (NYSE:NIO) by 61.7% in the first quarter, Holdings Channel.com reports. The firm owned 10,647 shares of the company’s stock after buying an additional 4,062 shares during the period. Silicon Valley Capital Partners’ holdings in NIO were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of NIO. Norges Bank purchased a new stake in shares of NIO in the fourth quarter worth about $666,462,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of NIO by 407,573.9% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,500,000 shares of the company’s stock worth $414,290,000 after buying an additional 8,497,915 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of NIO by 213.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 6,448,810 shares of the company’s stock worth $314,315,000 after buying an additional 4,392,059 shares in the last quarter. Segantii Capital Management Ltd purchased a new stake in NIO in the fourth quarter valued at approximately $125,626,000. Finally, Growth Interface Management LLC purchased a new stake in NIO in the first quarter valued at approximately $85,756,000. Hedge funds and other institutional investors own 28.63% of the company’s stock.
A number of equities research analysts recently weighed in on NIO shares. CLSA started coverage on shares of NIO in a research note on Thursday, April 29th. They issued a “buy” rating and a $50.00 target price on the stock. Jefferies Financial Group lowered their target price on shares of NIO from $60.00 to $38.80 and set a “hold” rating on the stock in a research note on Monday, March 15th. Morgan Stanley increased their price target on shares of NIO from $33.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, January 28th. Mizuho increased their price target on shares of NIO from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, May 3rd. They noted that the move was a valuation call. Finally, HSBC increased their price target on shares of NIO from $44.70 to $54.00 and gave the company a “hold” rating in a research report on Friday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $48.89.
Shares of NIO stock traded up $0.12 on Thursday, hitting $37.88. The stock had a trading volume of 789,612 shares, compared to its average volume of 73,799,144. The company has a quick ratio of 2.96, a current ratio of 3.06 and a debt-to-equity ratio of 0.39. Nio Inc – has a one year low of $3.73 and a one year high of $66.99. The stock has a market cap of $59.44 billion, a price-to-earnings ratio of -40.07 and a beta of 2.54. The stock’s 50-day simple moving average is $37.06 and its two-hundred day simple moving average is $46.16.
NIO (NYSE:NIO) last issued its earnings results on Monday, March 1st. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.89). The firm had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.71 billion. NIO had a negative return on equity of 61.18% and a negative net margin of 38.46%. The firm’s revenue for the quarter was up 133.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($2.73) EPS. As a group, equities analysts predict that Nio Inc – will post -0.65 EPS for the current fiscal 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.
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