Krane Funds Advisors LLC Has $2.89 Million Position in Nio Inc – (NYSE:NIO)

Krane Funds Advisors LLC lifted its position in Nio Inc – (NYSE:NIO) by 39.4% during the 4th quarter, Holdings Channel reports. The firm owned 662,100 shares of the company’s stock after buying an additional 187,260 shares during the quarter. NIO makes up 0.1% of Krane Funds Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Krane Funds Advisors LLC’s holdings in NIO were worth $2,887,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after buying an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp increased its holdings 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 purchasing an additional 4,332 shares in the last quarter. Callan Family Office LLC bought a new position in NIO in the 4th quarter valued at $44,000. Sava Infond d.o.o. bought a new stake in shares of NIO during the fourth quarter worth $44,000. Finally, Trilogy Capital Inc. acquired a new stake in shares of NIO in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Price Performance

Shares of NIO opened at $3.46 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The stock has a market cap of $7.21 billion, a P/E ratio of -2.29 and a beta of 1.74. The stock’s 50-day moving average price is $4.38 and its two-hundred day moving average price is $4.77. Nio Inc – has a 1 year low of $3.12 and a 1 year high of $7.71.

NIO (NYSE:NIO) last issued its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). The firm had revenue of $2.70 billion for 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 firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($2.81) EPS. On average, equities analysts predict that Nio Inc – will post -1.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NIO. Cfra Research upgraded shares of NIO to a “hold” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Citigroup reduced their price objective on NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a report on Monday, March 24th. Mizuho decreased their price objective on NIO from $5.00 to $4.20 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Finally, HSBC lowered NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average 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.