Arizona PSPRS Trust Buys Shares of 305,000 Nio Inc – (NYSE:NIO)

Arizona PSPRS Trust acquired a new position in shares of Nio Inc – (NYSE:NIO) in the fourth quarter, Holdings Channel reports. The firm acquired 305,000 shares of the company’s stock, valued at approximately $1,330,000. NIO accounts for about 0.0% of Arizona PSPRS Trust’s holdings, making the stock its 14th largest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after purchasing an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp increased 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 valued at $33,000 after buying an additional 4,332 shares in the last quarter. Sava Infond d.o.o. purchased a new stake in NIO in the fourth quarter valued at about $44,000. Callan Family Office LLC purchased a new stake in NIO in the fourth quarter valued at about $44,000. Finally, Trilogy Capital Inc. purchased a new stake in shares of NIO during the fourth quarter worth about $45,000. Institutional investors own 48.55% of the company’s stock.

NIO Stock Down 7.6 %

Shares of NIO stock opened at $3.46 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. Nio Inc – has a twelve month low of $3.20 and a twelve month high of $7.71. The stock has a 50 day moving average of $4.38 and a 200 day moving average of $4.78. The stock has a market cap of $7.21 billion, a P/E ratio of -2.29 and a beta of 1.74.

NIO (NYSE:NIO) last posted its earnings results 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 during 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 business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($2.81) earnings per share. As a group, sell-side analysts expect that Nio Inc – will post -1.43 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on NIO. Mizuho decreased their price objective on shares of NIO from $5.00 to $4.20 and set a “neutral” rating for the company in a research report on Monday, March 24th. Cfra Research raised shares of NIO to a “hold” rating in a report on Friday, March 21st. Hsbc Global Res lowered NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.17.

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.