Raymond James & Associates Has $641,000 Stock Holdings in Nio Inc – (NYSE:NIO)

Raymond James & Associates decreased its stake in Nio Inc – (NYSE:NIO) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,712 shares of the company’s stock after selling 5,666 shares during the period. Raymond James & Associates’ holdings in NIO were worth $641,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. First Affirmative Financial Network bought a new stake in shares of NIO during the 4th quarter valued at about $95,000. Green Alpha Advisors LLC boosted its position in shares of NIO by 47.4% during the 4th quarter. Green Alpha Advisors LLC now owns 61,865 shares of the company’s stock valued at $561,000 after purchasing an additional 19,891 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of NIO by 4.5% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,279,198 shares of the company’s stock valued at $11,602,000 after purchasing an additional 54,682 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of NIO by 16.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 40,876 shares of the company’s stock valued at $370,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Banque Pictet & Cie SA bought a new stake in shares of NIO during the 3rd quarter valued at about $2,486,000. Institutional investors own 48.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NIO shares. UBS Group cut their target price on NIO from $8.00 to $7.20 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Barclays reiterated an “underweight” rating and issued a $4.00 price target (down previously from $5.00) on shares of NIO in a report on Tuesday, April 2nd. Bank of America cut their price target on NIO from $7.50 to $6.50 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. JPMorgan Chase & Co. cut their price target on NIO from $5.00 to $4.80 and set an “underweight” rating on the stock in a report on Wednesday, March 6th. Finally, Mizuho reiterated a “neutral” rating and issued a $5.50 price target on shares of NIO in a report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.43.

NIO Stock Up 3.4 %

NIO stock opened at $4.15 on Thursday. Nio Inc – has a twelve month low of $3.61 and a twelve month high of $16.18. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average is $5.10 and its 200-day moving average is $6.62. The firm has a market capitalization of $7.13 billion, a PE ratio of -2.37 and a beta of 1.93.

NIO (NYSE:NIO) last posted its earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.39) by ($0.42). The company had revenue of $17.10 billion during the quarter, compared to the consensus estimate of $18.16 billion. NIO had a negative net margin of 38.09% and a negative return on equity of 110.72%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.51) EPS. Sell-side analysts expect that Nio Inc – will post -1.26 EPS for the current fiscal year.

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.