LaSalle St. Investment Advisors LLC Makes New $119,000 Investment in Nio Inc – (NYSE:NIO)

LaSalle St. Investment Advisors LLC bought a new stake in Nio Inc – (NYSE:NIO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,430 shares of the company’s stock, valued at approximately $119,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its position in NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after purchasing an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after purchasing an additional 4,332 shares during the last quarter. Sava Infond d.o.o. acquired a new position in shares of NIO during the 4th quarter worth $44,000. Callan Family Office LLC bought a new stake in shares of NIO during the 4th quarter worth $44,000. Finally, Trilogy Capital Inc. acquired a new stake in NIO in the fourth quarter valued at about $45,000. Institutional investors own 48.55% of the company’s stock.

NIO Price Performance

Shares of NYSE:NIO opened at $3.62 on Wednesday. The firm has a market cap of $7.55 billion, a PE ratio of -2.39 and a beta of 1.74. Nio Inc – has a 52 week low of $3.02 and a 52 week high of $7.71. The firm’s fifty day moving average is $4.21 and its 200-day moving average is $4.64. 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 (NYSE:NIO) last announced its 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). 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 analyst estimates of $20.19 billion. During the same period in the previous year, the firm posted ($2.81) earnings per share. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. Sell-side analysts predict that Nio Inc – will post -1.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on NIO. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Cfra Research raised shares of NIO to a “hold” rating in a research note on Friday, March 21st. Hsbc Global Res cut shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Mizuho dropped 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, 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.05.

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.