Sivia Capital Partners LLC Makes New $92,000 Investment in Nio Inc – (NYSE:NIO)

Sivia Capital Partners LLC purchased a new position in Nio Inc – (NYSE:NIO) in the third quarter, Holdings Channel.com reports. The firm purchased 13,707 shares of the company’s stock, valued at approximately $92,000.

Other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in NIO in the 2nd quarter worth $1,076,000. Bank of New York Mellon Corp grew its position in shares of NIO by 32.1% during the second quarter. Bank of New York Mellon Corp now owns 1,416,709 shares of the company’s stock valued at $5,894,000 after purchasing an additional 343,910 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of NIO by 23.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,317,758 shares of the company’s stock valued at $10,430,000 after purchasing an additional 439,474 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of NIO by 127.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 378,638 shares of the company’s stock valued at $1,704,000 after purchasing an additional 211,936 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of NIO by 28.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 2,431,771 shares of the company’s stock valued at $10,950,000 after purchasing an additional 535,400 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Stock Down 7.1 %

Shares of NYSE NIO opened at $5.80 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.11 and a quick ratio of 1.01. The company has a market cap of $9.97 billion, a P/E ratio of -3.43 and a beta of 1.86. Nio Inc – has a 1 year low of $3.61 and a 1 year high of $9.57. The firm has a 50-day simple moving average of $5.03 and a two-hundred day simple moving average of $4.79.

NIO (NYSE:NIO) last announced its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($2.21). The business had revenue of $17.45 billion during the quarter, compared to the consensus estimate of $17.49 billion. NIO had a negative net margin of 32.47% and a negative return on equity of 104.61%. The firm’s quarterly revenue was up 98.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.51) earnings per share. Research analysts anticipate that Nio Inc – will post -1.37 earnings per share for the current year.

Analysts Set New Price Targets

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

About NIO

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.