Advisors Asset Management Inc. Has $549,000 Holdings in Nio Inc – (NYSE:NIO)

Advisors Asset Management Inc. boosted its holdings in Nio Inc – (NYSE:NIO) by 71.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 82,179 shares of the company’s stock after acquiring an additional 34,299 shares during the quarter. Advisors Asset Management Inc.’s holdings in NIO were worth $549,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Avior Wealth Management LLC boosted its stake in shares of NIO by 106.1% during the third quarter. Avior Wealth Management LLC now owns 14,588 shares of the company’s stock valued at $97,000 after purchasing an additional 7,510 shares in the last quarter. West Family Investments Inc. acquired a new stake in shares of NIO during the third quarter valued at about $138,000. Banque Cantonale Vaudoise boosted its stake in shares of NIO by 112.2% during the third quarter. Banque Cantonale Vaudoise now owns 363,885 shares of the company’s stock valued at $2,430,000 after purchasing an additional 192,394 shares in the last quarter. Axim Planning & Wealth boosted its stake in shares of NIO by 471.9% during the third quarter. Axim Planning & Wealth now owns 80,383 shares of the company’s stock valued at $537,000 after purchasing an additional 66,328 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of NIO during the third quarter worth about $481,000. 48.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NIO. Macquarie downgraded NIO from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $6.60 to $4.80 in a research report on Wednesday, November 20th. Bank of America raised their price objective on NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Wolfe Research began coverage on NIO in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Daiwa America upgraded NIO to a “strong-buy” rating in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. upgraded NIO from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $5.30 to $8.00 in a report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, NIO presently has an average rating of “Hold” and a consensus price target of $5.71.

NIO Trading Up 1.6 %

Shares of NIO stock opened at $4.38 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Nio Inc – has a 52 week low of $3.61 and a 52 week high of $9.57. The stock has a 50 day moving average price of $5.45 and a two-hundred day moving average price of $4.89. The stock has a market capitalization of $7.53 billion, a PE ratio of -2.91 and a beta of 1.91.

NIO (NYSE:NIO) last announced its quarterly earnings data on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, meeting analysts’ consensus estimates of ($2.21). NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The firm had revenue of $17.45 billion during the quarter, compared to analysts’ expectations of $17.49 billion. During the same quarter last year, the firm posted ($0.51) earnings per share. The company’s revenue for the quarter was up 98.9% compared to the same quarter last year. As a group, equities analysts anticipate that Nio Inc – will post -1.39 earnings per share for the current fiscal 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.