Name: Desjardins Global Asset Management Inc. Raises Stock Position in Nio Inc – (NYSE:NIO)
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Desjardins Global Asset Management Inc. Raises Stock Position in Nio Inc – (NYSE:NIO)

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Skip to main contentPosted by onDesjardins Global Asset Management Inc. boosted its holdings in Nio Inc – (NYSE:NIO – Free Report) by 22.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 38,095 shares of the company’s stock after buying an additional 6,942 shares during the period. Desjardins Global Asset Management Inc.’s holdings in NIO were worth $369,000 as of its most recent SEC filing.A number of other institutional investors have also recently made changes to their positions in NIO. Norges Bank purchased a new position in shares of NIO during the fourth quarter valued at about $155,344,000. Two Sigma Investments LP purchased a new position in shares of NIO during the first quarter valued at about $71,533,000. Renaissance Technologies LLC grew its position in shares of NIO by 2,377.8% during the first quarter. Renaissance Technologies LLC now owns 5,401,600 shares of the company’s stock valued at $113,704,000 after purchasing an additional 5,183,600 shares in the last quarter. Bank of America Corp DE grew its position in NIO by 90.3% in the first quarter. Bank of America Corp DE now owns 6,499,102 shares of the company’s stock worth $68,306,000 after acquiring an additional 3,083,955 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in NIO by 4.9% in the first quarter. Vanguard Group Inc. now owns 49,061,112 shares of the company’s stock worth $1,032,737,000 after acquiring an additional 2,271,730 shares in the last quarter. Hedge funds and other institutional investors own 42.32% of the company’s stock.Several research analysts recently commented on the company. CLSA dropped their price target on NIO from $18.00 to $14.00 in a research report on Thursday, August 31st. Sanford C. Bernstein dropped their price target on NIO from $9.00 to $8.00 and set a “market perform” rating for the company in a research report on Wednesday, August 30th. Bank of America decreased their price objective on shares of NIO from $16.20 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, August 30th. UBS Group raised their price objective on shares of NIO from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, July 31st. Finally, Citigroup raised their price objective on shares of NIO from $13.90 to $19.20 in a research note on Friday, August 4th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $12.68.Get Our Latest Analysis on NIOShares of NIO stock opened at $7.97 on Tuesday. The firm has a 50-day simple moving average of $8.93 and a two-hundred day simple moving average of $9.55. Nio Inc – has a fifty-two week low of $7.00 and a fifty-two week high of $16.18. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 0.45.NIO (NYSE:NIO – Get Free Report) last released its quarterly earnings results on Tuesday, August 29th. The company reported ($3.28) earnings per share for the quarter, missing the consensus estimate of ($2.96) by ($0.32). NIO had a negative return on equity of 94.92% and a negative net margin of 42.97%. The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same quarter last year, the company earned ($0.25) EPS. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis. Equities research analysts forecast that Nio Inc – will post -1.79 earnings per share for the current year.(Free Report)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.Receive News &amp; Ratings for NIO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIO and related companies with MarketBeat.com's FREE daily email newsletter.Desjardins Global Asset Management Inc. Raises Stock Position in Nio Inc –Ventas, Inc. Stake Cut by Desjardins Global Asset Management Inc.Desjardins Global Asset Management Inc. Purchases 5,177 Shares of Caesars Entertainment, Inc.Vestmark Advisory Solutions Inc. Buys 2,748 Shares of Hormel Foods Co.Ventas, Inc. Shares Sold by Desjardins Global Asset Management Inc.Desjardins Global Asset Management Inc. Acquires 2,069 Shares of Arrow Electronics, Inc.Complete the form below to receive the latest headlines and analysts' recommendations for NIO with MarektBeat's free daily email newsletter:

Skip to main contentPosted by onDesjardins Global Asset Management Inc. boosted its holdings in Nio Inc – (NYSE:NIO – Free Report) by 22.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 38,095 shares of the company’s stock after buying an additional 6,942 shares during the period. Desjardins Global Asset Management Inc.’s holdings in NIO were worth $369,000 as of its most recent SEC filing.A number of other institutional investors have also recently made changes to their positions in NIO. Norges Bank purchased a new position in...

Desjardins Global Asset Management Inc. Raises Stock Position in Nio Inc – (NYSE:NIO)

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