Nio Inc – (NYSE:NIO) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its position in Nio Inc – (NYSE:NIO) by 6.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,127 shares of the company’s stock after selling 2,310 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in NIO were worth $313,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise grew its position in NIO by 1.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 178,845 shares of the company’s stock valued at $1,882,000 after acquiring an additional 1,773 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of NIO by 433.1% during the first quarter. NewEdge Advisors LLC now owns 112,715 shares of the company’s stock worth $1,185,000 after buying an additional 91,571 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of NIO during the fourth quarter worth about $1,819,000. Fisher Asset Management LLC grew its position in shares of NIO by 22.5% during the first quarter. Fisher Asset Management LLC now owns 109,667 shares of the company’s stock worth $1,153,000 after buying an additional 20,137 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of NIO by 1.8% during the first quarter. LPL Financial LLC now owns 274,408 shares of the company’s stock worth $2,884,000 after buying an additional 4,939 shares in the last quarter. 42.32% of the stock is owned by institutional investors and hedge funds.

NIO Price Performance

Shares of NYSE NIO opened at $10.43 on Monday. Nio Inc – has a twelve month low of $7.00 and a twelve month high of $21.35. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average of $11.69 and a two-hundred day moving average of $9.75. The stock has a market cap of $17.93 billion, a P/E ratio of -5.79 and a beta of 2.08.

NIO (NYSE:NIO) last released its quarterly earnings results on Tuesday, August 29th. The company reported ($3.28) EPS for the quarter, missing the consensus estimate of ($2.96) by ($0.32). NIO had a negative return on equity of 94.92% and a negative net margin of 42.97%. The company had revenue of $8.77 billion for the quarter, compared to analysts’ expectations of $9.16 billion. During the same quarter last year, the company earned ($0.25) EPS. NIO’s revenue for the quarter was down 14.8% compared to the same quarter last year. On average, research analysts forecast that Nio Inc – will post -1.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Mizuho lowered their price objective on NIO from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, August 30th. Bank of America lowered their price objective on NIO from $16.20 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, August 30th. Deutsche Bank Aktiengesellschaft lowered their price objective on NIO from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, September 6th. JPMorgan Chase & Co. boosted their target price on NIO from $9.00 to $10.50 and gave the stock a “neutral” rating in a research note on Wednesday, August 30th. Finally, Nomura cut NIO from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $25.80 to $7.50 in a research note on Monday, June 12th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.68.

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.