Laird Norton Wetherby Wealth Management LLC Acquires 8,746 Shares of Nio Inc – (NYSE:NIO)

Laird Norton Wetherby Wealth Management LLC raised its holdings in Nio Inc – (NYSE:NIO) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,534 shares of the company’s stock after buying an additional 8,746 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in NIO were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in NIO. Trexquant Investment LP bought a new position in shares of NIO in the fourth quarter valued at $3,305,000. SG Americas Securities LLC lifted its stake in shares of NIO by 104.8% in the fourth quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock valued at $5,018,000 after buying an additional 589,082 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of NIO in the fourth quarter valued at $1,776,000. XY Capital Ltd bought a new position in shares of NIO in the fourth quarter valued at $1,544,000. Finally, AI Squared Management Ltd bought a new position in shares of NIO in the fourth quarter valued at $1,491,000. 48.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

NIO Stock Performance

Shares of NIO stock opened at $4.10 on Friday. The firm has a market cap of $8.55 billion, a price-to-earnings ratio of -2.71 and a beta of 1.73. 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. The firm’s 50-day simple moving average is $3.99 and its two-hundred day simple moving average is $4.33.

NIO (NYSE:NIO) last announced its quarterly earnings data 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 business’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($2.81) EPS. As a group, equities analysts forecast that Nio Inc – will post -1.43 earnings per share for the current year.

About NIO

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.