First Affirmative Financial Network Has $60,000 Stock Position in Nio Inc – (NYSE:NIO)

First Affirmative Financial Network increased its position in shares of Nio Inc – (NYSE:NIO) by 26.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,256 shares of the company’s stock after acquiring an additional 2,768 shares during the period. First Affirmative Financial Network’s holdings in NIO were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of NIO. Stratos Wealth Partners LTD. increased its position in NIO by 9.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 20,075 shares of the company’s stock worth $182,000 after purchasing an additional 1,816 shares in the last quarter. Fountainhead AM LLC lifted its stake in shares of NIO by 20.0% in the 4th quarter. Fountainhead AM LLC now owns 12,047 shares of the company’s stock valued at $109,000 after acquiring an additional 2,012 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of NIO by 11.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 19,983 shares of the company’s stock valued at $181,000 after acquiring an additional 2,092 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of NIO by 7.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 31,177 shares of the company’s stock valued at $282,000 after acquiring an additional 2,248 shares in the last quarter. Finally, Signaturefd LLC grew its position in NIO by 10.5% during the 4th quarter. Signaturefd LLC now owns 25,748 shares of the company’s stock worth $234,000 after acquiring an additional 2,456 shares during the last quarter. Institutional investors own 48.55% of the company’s stock.

NIO Trading Down 0.7 %

NYSE:NIO opened at $4.30 on Friday. The firm has a fifty day simple moving average of $4.81 and a two-hundred day simple moving average of $5.79. Nio Inc – has a 12 month low of $3.61 and a 12 month high of $16.18. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of -2.54 and a beta of 1.80. The company has a current ratio of 1.15, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

NIO (NYSE:NIO) last issued its earnings results on Thursday, June 6th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.05). NIO had a negative net margin of 39.38% and a negative return on equity of 111.91%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.48 billion. Analysts expect that Nio Inc – will post -1.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Jefferies Financial Group reduced their price objective on shares of NIO from $8.30 to $5.90 and set a “hold” rating on the stock in a research note on Wednesday, March 6th. Macquarie began coverage on NIO in a research report on Monday, April 15th. They set a “neutral” rating and a $5.00 price objective for the company. JPMorgan Chase & Co. upgraded NIO from an “underweight” rating to a “neutral” rating and upped their target price for the company from $4.80 to $5.40 in a report on Wednesday, May 15th. Mizuho restated a “neutral” rating and set a $5.50 price target on shares of NIO in a report on Monday, March 25th. Finally, Citigroup reduced their price objective on shares of NIO from $10.40 to $8.50 and set a “buy” rating on the stock in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.55.

About NIO

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.