KPP Advisory Services LLC Invests $79,000 in NIO Inc. (NYSE:NIO)

KPP Advisory Services LLC acquired a new stake in NIO Inc. (NYSE:NIO) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 20,710 shares of the company’s stock, valued at approximately $79,000.

A number of other institutional investors have also modified their holdings of NIO. Sava Infond d.o.o. lifted its position in NIO by 100.0% during the first quarter. Sava Infond d.o.o. now owns 20,000 shares of the company’s stock valued at $76,000 after buying an additional 10,000 shares in the last quarter. Cobblestone Asset Management LLC acquired a new position in shares of NIO during the 1st quarter valued at $319,000. FNY Investment Advisers LLC boosted its position in NIO by 2.7% during the 1st quarter. FNY Investment Advisers LLC now owns 149,300 shares of the company’s stock worth $568,000 after purchasing an additional 3,870 shares during the period. QRG Capital Management Inc. acquired a new stake in NIO in the 1st quarter valued at $60,000. Finally, Azzad Asset Management Inc. ADV raised its position in NIO by 44.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 39,492 shares of the company’s stock valued at $150,000 after purchasing an additional 12,080 shares during the period. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Price Performance

NIO opened at $3.47 on Friday. The company has a market capitalization of $7.23 billion, a P/E ratio of -2.14 and a beta of 1.62. The company has a 50-day moving average of $3.78 and a 200-day moving average of $4.10. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.69 and a current ratio of 0.84. NIO Inc. has a 1-year low of $3.02 and a 1-year high of $7.71.

NIO (NYSE:NIO) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.23). NIO had a negative net margin of 35.51% and a negative return on equity of 286.45%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $12.46 billion. During the same period in the prior year, the firm earned ($2.39) earnings per share. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. Equities analysts expect that NIO Inc. will post -1.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of NIO in a research note on Monday, April 28th. Cfra Research raised shares of NIO to a “hold” rating in a research report on Friday, March 21st. Barclays reduced their target price on shares of NIO from $4.00 to $3.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 4th. The Goldman Sachs Group raised shares of NIO from a “sell” rating to a “neutral” rating and raised their price target for the company from $3.70 to $3.80 in a report on Tuesday, June 17th. Finally, Mizuho cut their price objective on shares of NIO from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.74.

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.