Vienna Asset Management LLC Invests $100,000 in Nio Inc – (NYSE:NIO)

Vienna Asset Management LLC purchased a new stake in shares of Nio Inc – (NYSE:NIO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 22,900 shares of the company’s stock, valued at approximately $100,000.

Several other institutional investors have also added to or reduced their stakes in NIO. Ballentine Partners LLC boosted its holdings in shares of NIO by 31.2% in the 4th quarter. Ballentine Partners LLC now owns 31,508 shares of the company’s stock worth $137,000 after purchasing an additional 7,488 shares during the period. Atomi Financial Group Inc. boosted its holdings in shares of NIO by 39.1% in the 4th quarter. Atomi Financial Group Inc. now owns 26,881 shares of the company’s stock worth $117,000 after purchasing an additional 7,554 shares during the period. MCF Advisors LLC boosted its holdings in shares of NIO by 4.2% in the 4th quarter. MCF Advisors LLC now owns 111,350 shares of the company’s stock worth $485,000 after purchasing an additional 4,479 shares during the period. SG Americas Securities LLC boosted its holdings in NIO by 104.8% during the 4th quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock valued at $5,018,000 after acquiring an additional 589,082 shares during the period. Finally, Firethorn Wealth Partners LLC purchased a new position in NIO during the 4th quarter valued at $109,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NIO shares. Cfra Research upgraded NIO to a “hold” rating in a report on Friday, March 21st. Citigroup restated a “buy” rating on shares of NIO in a report on Monday, April 28th. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Finally, Mizuho dropped their price objective on NIO from $4.20 to $3.50 and set a “neutral” rating for the company in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.05.

NIO Trading Up 2.6%

Shares of NYSE NIO opened at $4.10 on Monday. The firm has a market cap of $8.55 billion, a PE ratio of -2.71 and a beta of 1.73. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Nio Inc – has a twelve month low of $3.02 and a twelve month high of $7.71. The business has a fifty day simple moving average of $3.99 and a two-hundred day simple moving average of $4.32.

NIO (NYSE:NIO) last released its quarterly earnings results on Friday, March 21st. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.81) earnings per share. Analysts expect that Nio Inc – will post -1.43 earnings per share for the current fiscal year.

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.