Corient Private Wealth LLC Grows Stock Position in Nio Inc – (NYSE:NIO)

Corient Private Wealth LLC increased its holdings in Nio Inc – (NYSE:NIO) by 86.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,689 shares of the company’s stock after buying an additional 15,600 shares during the quarter. Corient Private Wealth LLC’s holdings in NIO were worth $147,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NIO. Perigon Wealth Management LLC boosted its stake in shares of NIO by 24.1% during the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock worth $61,000 after acquiring an additional 2,867 shares during the last quarter. BSW Wealth Partners raised its holdings in NIO by 21.4% in the 4th quarter. BSW Wealth Partners now owns 20,423 shares of the company’s stock worth $89,000 after purchasing an additional 3,606 shares during the period. Blue Trust Inc. lifted its position in NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after purchasing an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in NIO by 131.8% during 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 during the period. Finally, MCF Advisors LLC increased its position in NIO by 4.2% in the fourth quarter. MCF Advisors LLC now owns 111,350 shares of the company’s stock worth $485,000 after buying an additional 4,479 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Citigroup lowered their price target on shares of NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a report on Monday, March 24th. Mizuho dropped 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, March 24th. Cfra Research upgraded shares of NIO to a “hold” rating in a research report on Friday, March 21st. Finally, Hsbc Global Res cut shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.00.

NIO Trading Up 1.4 %

NIO stock opened at $3.87 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The firm’s 50 day moving average price is $4.41 and its 200-day moving average price is $4.81. Nio Inc – has a 1 year low of $3.57 and a 1 year high of $7.71. The stock has a market cap of $8.07 billion, a P/E ratio of -2.56 and a beta of 1.81.

NIO (NYSE:NIO) last announced its quarterly earnings results on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.81) EPS. On average, equities analysts predict that Nio Inc – will post -1.43 earnings per share for the current fiscal year.

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.