NIO Inc. $NIO Shares Bought by Swedbank AB

Swedbank AB raised its position in NIO Inc. (NYSE:NIO) by 25.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 424,491 shares of the company’s stock after acquiring an additional 85,602 shares during the quarter. Swedbank AB’s holdings in NIO were worth $2,165,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of NIO. Farther Finance Advisors LLC increased its stake in NIO by 148.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock valued at $37,000 after buying an additional 2,877 shares during the period. Allworth Financial LP boosted its position in shares of NIO by 183.5% in the 3rd quarter. Allworth Financial LP now owns 6,596 shares of the company’s stock worth $50,000 after buying an additional 4,269 shares in the last quarter. Sandbox Financial Partners LLC purchased a new stake in shares of NIO in the 4th quarter worth about $51,000. Westfuller Advisors LLC purchased a new stake in shares of NIO in the 4th quarter worth about $60,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of NIO in the 4th quarter worth about $60,000. 48.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NIO. Dbs Bank upgraded shares of NIO from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 16th. Macquarie Infrastructure upgraded shares of NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price objective on the stock in a research report on Thursday, January 15th. Weiss Ratings restated a “sell (e+)” rating on shares of NIO in a report on Friday, May 1st. Bank of America restated a “neutral” rating on shares of NIO in a report on Tuesday, March 10th. Finally, Nomura upgraded shares of NIO from a “neutral” rating to a “buy” rating and set a $6.60 target price on the stock in a report on Wednesday, March 11th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.80.

NIO Price Performance

NIO stock opened at $5.87 on Monday. NIO Inc. has a 52-week low of $3.34 and a 52-week high of $8.02. The stock’s fifty day simple moving average is $5.88 and its 200-day simple moving average is $5.58. The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of -6.05 and a beta of 0.97.

NIO (NYSE:NIO) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.04 earnings per share (EPS) for the quarter. NIO had a negative return on equity of 924.56% and a negative net margin of 17.21%.The business had revenue of $4.95 billion for the quarter. Equities research analysts expect that NIO Inc. will post -0.28 EPS for the current year.

NIO Company Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.