Nio Inc – (NYSE:NIO) Shares Sold by Krane Funds Advisors LLC

Krane Funds Advisors LLC trimmed its holdings in shares of Nio Inc – (NYSE:NIO) by 69.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 474,840 shares of the company’s stock after selling 1,063,941 shares during the quarter. NIO accounts for approximately 0.1% of Krane Funds Advisors LLC’s portfolio, making the stock its 19th biggest position. Krane Funds Advisors LLC’s holdings in NIO were worth $3,172,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new stake in shares of NIO in the first quarter valued at $448,000. International Assets Investment Management LLC boosted its stake in shares of NIO by 46.1% in the first quarter. International Assets Investment Management LLC now owns 26,820 shares of the company’s stock valued at $124,000 after purchasing an additional 8,462 shares during the period. Ballentine Partners LLC acquired a new position in shares of NIO in the first quarter valued at approximately $107,000. Sound Income Strategies LLC increased its stake in NIO by 3,333.3% during the 1st quarter. Sound Income Strategies LLC now owns 10,300 shares of the company’s stock worth $46,000 after buying an additional 10,000 shares during the period. Finally, Edge Wealth Management LLC purchased a new stake in NIO during the 1st quarter worth approximately $54,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Stock Performance

Shares of NIO opened at $5.14 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. Nio Inc – has a 52-week low of $3.61 and a 52-week high of $9.57. The stock has a 50 day moving average price of $5.19 and a 200 day moving average price of $4.82. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of -3.05 and a beta of 1.86.

NIO (NYSE:NIO) last posted its earnings results on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, meeting analysts’ consensus estimates of ($2.21). NIO had a negative net margin of 32.47% and a negative return on equity of 104.61%. The firm had revenue of $17.45 billion for the quarter, compared to the consensus estimate of $17.49 billion. During the same period last year, the firm posted ($0.51) EPS. The company’s revenue was up 98.9% on a year-over-year basis. Research analysts predict that Nio Inc – will post -1.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NIO. Citigroup cut their price objective on NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Daiwa America raised NIO to a “strong-buy” rating in a research report on Monday, September 30th. Wolfe Research assumed coverage on NIO in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. upgraded shares of NIO from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $5.30 to $8.00 in a research note on Friday, September 6th. Finally, Bank of America lifted their price target on shares of NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.93.

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.