Avior Wealth Management LLC Buys 7,510 Shares of Nio Inc – (NYSE:NIO)

Avior Wealth Management LLC boosted its stake in Nio Inc – (NYSE:NIO) by 106.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,588 shares of the company’s stock after purchasing an additional 7,510 shares during the period. Avior Wealth Management LLC’s holdings in NIO were worth $97,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Westwood Holdings Group Inc. increased its position in NIO by 13.9% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,649 shares of the company’s stock valued at $75,000 after purchasing an additional 2,038 shares during the period. Ballentine Partners LLC lifted its stake in shares of NIO by 11.5% in the 3rd quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock valued at $160,000 after purchasing an additional 2,482 shares during the period. Atomi Financial Group Inc. boosted its position in shares of NIO by 15.5% during the 3rd quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock valued at $129,000 after purchasing an additional 2,588 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in NIO by 22.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock worth $61,000 after purchasing an additional 2,651 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in NIO by 4.8% in the second quarter. Assenagon Asset Management S.A. now owns 63,093 shares of the company’s stock worth $262,000 after purchasing an additional 2,915 shares in the last quarter. Institutional investors own 48.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Daiwa America upgraded shares of NIO to a “strong-buy” rating in a report on Monday, September 30th. Citigroup decreased their price objective on NIO from $8.50 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. JPMorgan Chase & Co. upgraded NIO from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $5.30 to $8.00 in a report on Friday, September 6th. Macquarie downgraded NIO from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. Finally, Wolfe Research assumed coverage on NIO in a report on Thursday, September 5th. They set a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5.91.

NIO Stock Up 3.0 %

Shares of NYSE NIO opened at $4.84 on Monday. Nio Inc – has a one year low of $3.61 and a one year high of $9.57. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 1.01. The business’s fifty day moving average price is $5.49 and its 200-day moving average price is $4.90. The stock has a market capitalization of $8.32 billion, a PE ratio of -3.21 and a beta of 1.91.

NIO (NYSE:NIO) last issued its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) EPS for the quarter, meeting analysts’ consensus estimates of ($2.21). The firm had revenue of $17.45 billion for the quarter, compared to analysts’ expectations of $17.49 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The business’s revenue for the quarter was up 98.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.51) EPS. On average, equities research analysts anticipate that Nio Inc – will post -1.39 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.