LPL Financial LLC Has $1.16 Million Position in Nio Inc – (NYSE:NIO)

LPL Financial LLC decreased its stake in shares of Nio Inc – (NYSE:NIO) by 16.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 264,840 shares of the company’s stock after selling 52,275 shares during the quarter. LPL Financial LLC’s holdings in NIO were worth $1,155,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. PDS Planning Inc grew its stake in NIO by 13.0% during the fourth quarter. PDS Planning Inc now owns 22,786 shares of the company’s stock worth $99,000 after buying an additional 2,627 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in 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 purchasing an additional 2,867 shares during the last quarter. BSW Wealth Partners grew its position in shares of NIO by 21.4% during the 4th quarter. BSW Wealth Partners now owns 20,423 shares of the company’s stock worth $89,000 after buying an additional 3,606 shares during the period. Blue Trust Inc. lifted its holdings in NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after buying an additional 3,607 shares during the period. Finally, Jones Financial Companies Lllp boosted 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 worth $33,000 after buying an additional 4,332 shares during the last quarter. Institutional investors own 48.55% of the company’s stock.

NIO Price Performance

NIO stock opened at $3.53 on Friday. The stock has a 50-day moving average price of $4.17 and a two-hundred day moving average price of $4.57. Nio Inc – has a 12 month low of $3.02 and a 12 month high of $7.71. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $7.36 billion, a PE ratio of -2.33 and a beta of 1.74.

NIO (NYSE:NIO) last announced 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). 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 for the quarter, compared to the consensus estimate of $20.19 billion. During the same period in the prior year, the business earned ($2.81) earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts expect that Nio Inc – will post -1.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup cut their price objective on NIO from $8.90 to $8.10 and set a “buy” rating on the stock in a report on Monday, March 24th. JPMorgan Chase & Co. downgraded NIO from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Mizuho cut their price target on NIO from $4.20 to $3.50 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Finally, HSBC lowered shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. One research 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.05.

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.