22,900 Shares in Nio Inc – (NYSE:NIO) Bought by Vienna Asset Management LLC

Vienna Asset Management LLC bought a new position in shares of Nio Inc – (NYSE:NIO) during the 4th quarter, HoldingsChannel reports. The firm bought 22,900 shares of the company’s stock, valued at approximately $100,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after buying an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp grew its stake in NIO by 131.8% during the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after buying an additional 4,332 shares during the last quarter. Sava Infond d.o.o. purchased a new position in NIO during the 4th quarter worth $44,000. Callan Family Office LLC purchased a new position in NIO during the 4th quarter worth $44,000. Finally, Trilogy Capital Inc. purchased a new position in NIO during the 4th quarter worth $45,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NIO shares. Mizuho dropped their target price on NIO from $4.20 to $3.50 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. downgraded NIO from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Cfra Research upgraded NIO to a “hold” rating in a research note on Friday, March 21st. Finally, Citigroup reiterated a “buy” rating on shares of NIO in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.05.

NIO Stock Up 2.6%

NIO stock opened at $4.10 on Monday. Nio Inc – has a fifty-two week low of $3.02 and a fifty-two week high of $7.71. 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 cap of $8.55 billion, a PE ratio of -2.71 and a beta of 1.73. The business’s 50-day simple moving average is $3.99 and its two-hundred day simple moving average is $4.32.

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