Westwood Holdings Group Inc. Purchases New Holdings in Nio Inc – (NYSE:NIO)

Westwood Holdings Group Inc. purchased a new stake in Nio Inc – (NYSE:NIOFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,611 shares of the company’s stock, valued at approximately $133,000.

Several other hedge funds have also made changes to their positions in NIO. Principal Financial Group Inc. purchased a new stake in shares of NIO in the 3rd quarter valued at approximately $443,000. Jump Financial LLC purchased a new stake in NIO in the 3rd quarter worth approximately $288,000. Atria Wealth Solutions Inc. lifted its position in NIO by 10.2% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 40,954 shares of the company’s stock worth $370,000 after buying an additional 3,779 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in NIO by 20.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,776 shares of the company’s stock worth $143,000 after buying an additional 2,639 shares in the last quarter. Finally, Pathstone Family Office LLC lifted its position in NIO by 153.7% in the 3rd quarter. Pathstone Family Office LLC now owns 70,866 shares of the company’s stock worth $641,000 after buying an additional 42,938 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Price Performance

NYSE:NIO opened at $4.72 on Tuesday. Nio Inc – has a 1 year low of $3.61 and a 1 year high of $16.18. The firm’s fifty day simple moving average is $4.82 and its 200 day simple moving average is $5.96. The company has a current ratio of 1.15, a quick ratio of 1.03 and a debt-to-equity ratio of 0.55.

NIO (NYSE:NIOGet Free Report) last posted its earnings results on Thursday, June 6th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.05). NIO had a negative net margin of 39.38% and a negative return on equity of 111.91%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.48 billion. As a group, sell-side analysts expect that Nio Inc – will post -1.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NIO. Sanford C. Bernstein cut their target price on shares of NIO from $7.50 to $5.50 and set a “market perform” rating for the company in a research report on Thursday, March 7th. Macquarie began coverage on shares of NIO in a research report on Monday, April 15th. They issued a “neutral” rating and a $5.00 target price for the company. Jefferies Financial Group cut their target price on shares of NIO from $8.30 to $5.90 and set a “hold” rating for the company in a research report on Wednesday, March 6th. Mizuho reiterated a “neutral” rating and issued a $5.50 target price on shares of NIO in a research report on Monday, March 25th. Finally, JPMorgan Chase & Co. upgraded shares of NIO from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $4.80 to $5.40 in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.54.

Get Our Latest Research Report on NIO

NIO Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NIO (NYSE:NIO)

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