International Assets Investment Management LLC Purchases 8,462 Shares of Nio Inc – (NYSE:NIO)

International Assets Investment Management LLC raised its stake in Nio Inc – (NYSE:NIO) by 46.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,820 shares of the company’s stock after acquiring an additional 8,462 shares during the quarter. International Assets Investment Management LLC’s holdings in NIO were worth $124,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Bfsg LLC bought a new position in shares of NIO during the fourth quarter worth about $33,000. Rakuten Securities Inc. bought a new position in NIO during the 4th quarter valued at $38,000. Principal Securities Inc. bought a new position in NIO in the 4th quarter valued at $42,000. First Affirmative Financial Network lifted its position in NIO by 26.4% in the 1st quarter. First Affirmative Financial Network now owns 13,256 shares of the company’s stock worth $60,000 after buying an additional 2,768 shares during the last quarter. Finally, Calton & Associates Inc. purchased a new stake in NIO during the 4th quarter valued at $92,000. Institutional investors own 48.55% of the company’s stock.

NIO Stock Performance

Shares of NIO opened at $4.40 on Friday. The stock has a 50-day simple moving average of $4.85 and a 200-day simple moving average of $5.72. Nio Inc – has a 1 year low of $3.61 and a 1 year high of $16.18. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 1.15. The stock has a market capitalization of $7.56 billion, a PE ratio of -2.60 and a beta of 1.80.

NIO (NYSE:NIO) last posted its earnings results on Thursday, June 6th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.05). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.48 billion. NIO had a negative net margin of 39.38% and a negative return on equity of 111.91%. On average, analysts predict that Nio Inc – will post -1.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NIO. Bank of America boosted their target price on shares of NIO from $5.90 to $6.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. Citigroup reduced their price objective on shares of NIO from $10.40 to $8.50 and set a “buy” rating for the company in a research note on Thursday, June 6th. Barclays reissued an “underweight” rating and set a $4.00 price target (down from $5.00) on shares of NIO in a report on Tuesday, April 2nd. Mizuho reiterated a “neutral” rating and issued a $5.50 price target on shares of NIO in a report on Monday, March 25th. Finally, JPMorgan Chase & Co. raised shares of NIO from an “underweight” rating to a “neutral” rating and increased their target price for the company from $4.80 to $5.40 in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.