Avantax Advisory Services Inc. Acquires 6,239 Shares of Nio Inc – (NYSE:NIO)

Avantax Advisory Services Inc. boosted its holdings in Nio Inc – (NYSE:NIO) by 23.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,637 shares of the company’s stock after purchasing an additional 6,239 shares during the quarter. Avantax Advisory Services Inc.’s holdings in NIO were worth $142,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after acquiring an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp increased its stake in NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after purchasing an additional 4,332 shares in the last quarter. Callan Family Office LLC bought a new position in shares of NIO during the 4th quarter worth about $44,000. Trilogy Capital Inc. acquired a new stake in shares of NIO in the 4th quarter valued at about $45,000. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in NIO in the 4th quarter valued at about $53,000. 48.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NIO has been the subject of a number of research reports. HSBC cut NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Mizuho reduced their price target on shares of NIO from $5.00 to $4.20 and set a “neutral” rating for the company in a research report on Monday. Citigroup lowered their price objective on shares of NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a report on Monday. JPMorgan Chase & Co. cut shares of NIO from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Finally, Cfra Research upgraded shares of NIO to a “hold” rating in a report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NIO currently has a consensus rating of “Hold” and an average price target of $5.00.

NIO Trading Down 5.6 %

Shares of NIO stock opened at $3.99 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of -2.64 and a beta of 1.81. Nio Inc – has a 52-week low of $3.61 and a 52-week high of $7.71. The company has a 50-day simple moving average of $4.44 and a two-hundred day simple moving average of $4.85.

NIO (NYSE:NIO) last released its earnings results on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. The business’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the company earned ($2.81) earnings per share. Research analysts anticipate that Nio Inc – will post -1.43 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.