Havemeyer Place LP Purchases Shares of 389,142 NIO Inc. $NIO

Havemeyer Place LP purchased a new stake in shares of NIO Inc. (NYSE:NIOFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 389,142 shares of the company’s stock, valued at approximately $1,985,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Aspex Management HK Ltd bought a new position in shares of NIO in the 3rd quarter worth approximately $266,700,000. WT Asset Management Ltd bought a new position in shares of NIO in the 3rd quarter worth approximately $142,120,000. Ghisallo Capital Management LLC bought a new position in shares of NIO in the 3rd quarter worth approximately $91,440,000. Voloridge Investment Management LLC bought a new position in shares of NIO in the 3rd quarter worth approximately $89,952,000. Finally, Quadrature Capital Ltd bought a new position in shares of NIO in the 3rd quarter worth approximately $58,308,000. Institutional investors own 48.55% of the company’s stock.

NIO Stock Performance

NIO stock opened at $5.38 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $12.35 billion, a P/E ratio of -9.77 and a beta of 0.92. The stock’s 50 day moving average is $6.04 and its 200 day moving average is $5.42. NIO Inc. has a twelve month low of $3.34 and a twelve month high of $8.02.

NIO (NYSE:NIOGet Free Report) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $4.95 billion for the quarter. NIO had a negative return on equity of 318.96% and a negative net margin of 8.78%. On average, equities research analysts predict that NIO Inc. will post -0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NIO. HSBC raised NIO from a “hold” rating to a “buy” rating and increased their target price for the stock from $4.80 to $6.80 in a research report on Friday, March 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a research report on Friday, May 1st. Dbs Bank raised NIO from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 16th. Sanford C. Bernstein reissued a “market perform” rating and issued a $6.00 target price on shares of NIO in a research report on Friday, May 22nd. Finally, Nomura raised NIO from a “neutral” rating to a “buy” rating and set a $6.60 target price for the company in a research report on Wednesday, March 11th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.70.

Read Our Latest Research Report on NIO

Key Headlines Impacting NIO

Here are the key news stories impacting NIO this week:

About NIO

(Free Report)

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.

See Also

Want to see what other hedge funds are holding NIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIO Inc. (NYSE:NIOFree Report).

Institutional Ownership by Quarter for NIO (NYSE:NIO)

Receive News & Ratings for NIO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIO and related companies with MarketBeat.com's FREE daily email newsletter.