Atria Wealth Solutions Inc. Boosts Stake in Nio Inc – (NYSE:NIO)

Atria Wealth Solutions Inc. grew its position in shares of Nio Inc – (NYSE:NIO) by 13.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,384 shares of the company’s stock after buying an additional 5,430 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in NIO were worth $421,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bfsg LLC purchased a new stake in NIO during the fourth quarter worth about $33,000. Rakuten Securities Inc. purchased a new position in NIO in the fourth quarter valued at approximately $38,000. Peoples Bank KS bought a new position in NIO during the third quarter valued at $46,000. Fountainhead AM LLC purchased a new stake in NIO in the third quarter worth $91,000. Finally, First Affirmative Financial Network bought a new stake in shares of NIO in the fourth quarter valued at $95,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NIO. Mizuho reiterated a “neutral” rating and set a $5.50 price target on shares of NIO in a research note on Monday, March 25th. JPMorgan Chase & Co. reduced their target price on shares of NIO from $5.00 to $4.80 and set an “underweight” rating for the company in a research note on Wednesday, March 6th. Barclays restated an “underweight” rating and set a $4.00 price target (down from $5.00) on shares of NIO in a research note on Tuesday, April 2nd. Sanford C. Bernstein reduced their price objective on shares of NIO from $7.50 to $5.50 and set a “market perform” rating for the company in a research note on Thursday, March 7th. Finally, Macquarie started coverage on NIO in a research report on Monday, April 15th. They set a “neutral” rating and a $5.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.43.

NIO Stock Performance

Shares of NIO opened at $5.70 on Tuesday. Nio Inc – has a 12-month low of $3.61 and a 12-month high of $16.18. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The company has a market cap of $9.80 billion, a PE ratio of -3.26 and a beta of 1.92. The stock has a 50-day moving average price of $4.92 and a 200-day moving average price of $6.39.

NIO (NYSE:NIO) last announced its earnings results on Tuesday, March 5th. The company reported ($2.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.39) by ($0.42). The company had revenue of $17.10 billion for 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 company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.51) earnings per share. As a group, equities analysts forecast that Nio Inc – will post -1.26 earnings per share for the current fiscal year.

NIO Company 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.