Morgan Stanley Cuts Position in Nio, Sells Over 12M Shares in Q2
$NIO Inc (NIO.US)$ $Tesla (TSLA.US)$ $BYD COMPANY (01211.HK)$ $XPeng (XPEV.US)$ With the sale of 12,459,002 shares between April and June, Morgan Stanley reduced its position by 44%, as reported in its latest 13F filing to the U.S. Securities and Exchange Commission.
This sale marks the largest share reduction in the past five and a half years, surpassing the company’s disposal of 11.39 million shares in late 2018.
This sale marks the largest share reduction in the past five and a half years, surpassing the company’s disposal of 11.39 million shares in late 2018.
My Take:
Institution and hedge fund are reducing stake in NIO after Q2 earnings. Besides Morgan Stanley, Tencent and Baillie have recently reported to cut stakes in the stock. If this is a trend, as retail investors we should be worried as the company is still facing poor earnings - selling cars at net loss and unable to manage the CEO's unrealistic cash burning projects. Read here:
1. Tencent reduce stake in NIO by almost 23% sold 28.4 million shares
2. Baillie Gifford Dumped 84% of Its Stake in NIO Stock
1. Tencent reduce stake in NIO by almost 23% sold 28.4 million shares
2. Baillie Gifford Dumped 84% of Its Stake in NIO Stock
Source
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Stellantis NV (STLA.US)$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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GoldDragon : lagging by 1Q...did they buy back fast and furiously in Q3...?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Red Guppy : past tense still brought out to talk? Who is the largest shareholder. Abu Dhabi Sheik not Morgan Stanley.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
ZnWC OP GoldDragon : That is what someone said in Q1 but still net loss.
ZnWC OP Red Guppy : Still making baseless comments. If you have nothing to hide, let everyone check and compare.