Nio Inc – (NYSE:NIO) Shares Sold by Centiva Capital LP

Centiva Capital LP reduced its position in Nio Inc – (NYSE:NIO) by 20.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,621 shares of the company’s stock after selling 31,870 shares during the period. Centiva Capital LP’s holdings in NIO were worth $530,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its stake in NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after buying an additional 3,607 shares during the period. Jones Financial Companies Lllp boosted its position in NIO by 131.8% during the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after purchasing an additional 4,332 shares during the period. Sava Infond d.o.o. acquired a new stake in NIO in the 4th quarter valued at $44,000. Callan Family Office LLC purchased a new position in NIO in the fourth quarter valued at about $44,000. Finally, Trilogy Capital Inc. acquired a new position in shares of NIO during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Price Performance

NIO opened at $3.96 on Friday. The company has a market capitalization of $8.27 billion, a P/E ratio of -2.62 and a beta of 1.73. The company has a 50-day moving average of $4.04 and a 200-day moving average of $4.38. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Nio Inc – has a 1-year low of $3.02 and a 1-year high of $7.71.

NIO (NYSE:NIO) last announced its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($2.81) EPS. Equities analysts expect that Nio Inc – will post -1.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NIO has been the topic of several analyst reports. JPMorgan Chase & Co. downgraded NIO from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Cfra Research upgraded shares of NIO to a “hold” rating in a research note on Friday, March 21st. Citigroup restated a “buy” rating on shares of NIO in a research note on Monday, April 28th. Finally, Mizuho dropped their price target on shares of NIO from $4.20 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.05.

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.