J. Goldman & Co LP Invests $541,000 in Nio Inc – (NYSE:NIO)

J. Goldman & Co LP purchased a new stake in Nio Inc – (NYSE:NIO) in the 4th quarter, Holdings Channel reports. The fund purchased 124,000 shares of the company’s stock, valued at approximately $541,000.

A number of other institutional investors have also recently modified their holdings of the business. Ethic Inc. raised its position in NIO by 147.5% in the fourth quarter. Ethic Inc. now owns 119,432 shares of the company’s stock worth $521,000 after acquiring an additional 71,184 shares in the last quarter. Cantor Fitzgerald L. P. boosted its position in shares of NIO by 281.0% during the 4th quarter. Cantor Fitzgerald L. P. now owns 49,863 shares of the company’s stock worth $217,000 after purchasing an additional 36,774 shares in the last quarter. SIH Partners LLLP grew its stake in shares of NIO by 23.1% during the 4th quarter. SIH Partners LLLP now owns 933,700 shares of the company’s stock worth $4,071,000 after purchasing an additional 175,000 shares during the period. IHT Wealth Management LLC purchased a new position in shares of NIO in the 4th quarter valued at about $57,000. Finally, J. Safra Sarasin Holding AG increased its holdings in shares of NIO by 187.2% in the 4th quarter. J. Safra Sarasin Holding AG now owns 49,094 shares of the company’s stock valued at $214,000 after purchasing an additional 32,000 shares in the last quarter. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. JPMorgan Chase & Co. downgraded shares of NIO from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Citigroup reiterated a “buy” rating on shares of NIO in a research report on Monday, April 28th. Cfra Research upgraded NIO to a “hold” rating in a report on Friday, March 21st. Finally, Mizuho dropped their price objective on NIO from $4.20 to $3.50 and set a “neutral” rating for the company in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.05.

NIO Price Performance

Shares of NYSE NIO opened at $3.96 on Monday. The firm’s 50-day moving average is $4.04 and its two-hundred day moving average is $4.37. The company has a market capitalization of $8.27 billion, a PE ratio of -2.62 and a beta of 1.73. Nio Inc – has a 12-month low of $3.02 and a 12-month high of $7.71. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

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 the consensus estimate of ($0.33) by ($0.14). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $20.19 billion. During the same quarter in the prior year, the firm earned ($2.81) earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities analysts anticipate that Nio Inc – will post -1.43 EPS for the current fiscal year.

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.