Integrated Wealth Concepts LLC Sells 5,877 Shares of Nio Inc – (NYSE:NIO)

Integrated Wealth Concepts LLC cut its holdings in Nio Inc – (NYSE:NIO) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,329 shares of the company’s stock after selling 5,877 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in NIO were worth $193,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NIO. SBI Securities Co. Ltd. acquired a new stake in shares of NIO during the fourth quarter worth $1,360,000. AlphaStar Capital Management LLC bought a new position in NIO during the fourth quarter worth about $537,000. SIH Partners LLLP grew its position in shares of NIO by 23.1% during the 4th quarter. SIH Partners LLLP now owns 933,700 shares of the company’s stock worth $4,071,000 after buying an additional 175,000 shares during the period. Arizona PSPRS Trust bought a new stake in shares of NIO in the 4th quarter valued at about $1,330,000. Finally, Principal Financial Group Inc. raised its position in shares of NIO by 140.2% in the 3rd quarter. Principal Financial Group Inc. now owns 75,100 shares of the company’s stock valued at $502,000 after acquiring an additional 43,839 shares during the period. Institutional investors and hedge funds own 48.55% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NIO. Mizuho lowered their target price on shares of NIO from $4.20 to $3.50 and set a “neutral” rating for the company in a research note on Thursday, April 10th. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Cfra Research raised NIO to a “hold” rating in a research report on Friday, March 21st. Finally, Citigroup reiterated a “buy” rating on shares of NIO in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.05.

NIO Stock Down 1.4 %

Shares of NIO stock opened at $3.98 on Tuesday. The firm has a market cap of $8.30 billion, a PE ratio of -2.63 and a beta of 1.73. The business’s 50 day simple moving average is $4.08 and its 200 day simple moving average is $4.40. 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 $3.02 and a 52-week high of $7.71.

NIO (NYSE:NIO) last posted its quarterly earnings data on Friday, March 21st. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.14). The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $20.19 billion. NIO had a negative net margin of 33.41% and a negative return on equity of 113.83%. NIO’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the business earned ($2.81) earnings per share. On average, analysts predict 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.