PDS Planning Inc Takes $114,000 Position in Nio Inc – (NYSE:NIO)

PDS Planning Inc purchased a new stake in Nio Inc – (NYSE:NIO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,548 shares of the company’s stock, valued at approximately $114,000.

A number of other hedge funds have also made changes to their positions in NIO. Electron Capital Partners LLC purchased a new position in shares of NIO in the third quarter valued at $37,918,000. Linden Advisors LP acquired a new stake in shares of NIO during the third quarter valued at $8,972,000. AMF Tjanstepension AB boosted its stake in shares of NIO by 95.4% during the third quarter. AMF Tjanstepension AB now owns 672,300 shares of the company’s stock valued at $6,078,000 after acquiring an additional 328,200 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of NIO during the third quarter valued at $2,899,000. Finally, Banque Pictet & Cie SA acquired a new stake in shares of NIO during the third quarter valued at $2,486,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on NIO shares. Bank of America decreased their price objective on NIO from $7.50 to $6.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. JPMorgan Chase & Co. decreased their price objective on NIO from $5.00 to $4.80 and set an “underweight” rating on the stock in a research note on Wednesday, March 6th. Barclays reaffirmed an “underweight” rating and set a $4.00 price objective (down previously from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. Macquarie assumed coverage on NIO in a research note on Monday, April 15th. They set a “neutral” rating and a $5.00 price objective on the stock. Finally, The Goldman Sachs Group assumed coverage on NIO in a research note on Wednesday, January 3rd. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.43.

NIO Price Performance

NYSE NIO opened at $4.02 on Wednesday. Nio Inc – has a 1-year low of $3.61 and a 1-year high of $16.18. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51. The business’s 50-day simple moving average is $5.13 and its 200-day simple moving average is $6.65.

NIO (NYSE:NIO) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($2.81) earnings per share for the quarter, missing the consensus estimate of ($2.39) by ($0.42). The firm had revenue of $17.10 billion during the quarter, compared to analyst estimates of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.51) earnings per share. On average, research analysts anticipate that Nio Inc – will post -1.26 earnings per share 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.