Krane Funds Advisors LLC Acquires 370,556 Shares of Nio Inc – (NYSE:NIO)

Krane Funds Advisors LLC increased its holdings in shares of Nio Inc – (NYSE:NIO) by 31.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,538,781 shares of the company’s stock after acquiring an additional 370,556 shares during the quarter. NIO makes up about 0.3% of Krane Funds Advisors LLC’s holdings, making the stock its 15th largest position. Krane Funds Advisors LLC owned about 0.09% of NIO worth $6,401,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC boosted its holdings in shares of NIO by 238.6% in the 4th quarter. Hsbc Holdings PLC now owns 7,062,460 shares of the company’s stock worth $64,070,000 after buying an additional 4,976,403 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of NIO in the 4th quarter worth approximately $12,361,000. Swedbank AB purchased a new position in NIO in the first quarter valued at approximately $5,343,000. Norges Bank bought a new position in NIO during the fourth quarter valued at $9,652,000. Finally, AMF Tjanstepension AB raised its stake in shares of NIO by 132.4% in the first quarter. AMF Tjanstepension AB now owns 1,562,200 shares of the company’s stock valued at $7,030,000 after buying an additional 889,900 shares during the period. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Price Performance

Shares of NYSE NIO opened at $5.53 on Friday. The firm has a market capitalization of $9.51 billion, a P/E ratio of -3.27 and a beta of 1.82. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. The stock’s 50-day simple moving average is $4.33 and its two-hundred day simple moving average is $4.70. Nio Inc – has a twelve month low of $3.61 and a twelve month high of $10.72.

NIO (NYSE:NIO) last announced its earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($2.21). The business had revenue of $17.45 billion during the quarter, compared to analyst estimates of $17.49 billion. NIO had a negative net margin of 32.47% and a negative return on equity of 104.61%. NIO’s revenue for the quarter was up 98.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.51) earnings per share. As a group, equities analysts anticipate that Nio Inc – will post -1.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on NIO. JPMorgan Chase & Co. raised NIO from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $5.30 to $8.00 in a report on Friday, September 6th. Bank of America boosted their price target on shares of NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research report on Thursday, September 5th. Wolfe Research started coverage on shares of NIO in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Citigroup lowered their target price on shares of NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.