International Assets Investment Management LLC Raises Stock Holdings in Nio Inc – (NYSE:NIO)

International Assets Investment Management LLC boosted its holdings in Nio Inc – (NYSE:NIO) by 580.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 392,343 shares of the company’s stock after purchasing an additional 334,723 shares during the period. International Assets Investment Management LLC’s holdings in NIO were worth $2,621,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its stake in NIO by 2.5% during the first quarter. Oppenheimer & Co. Inc. now owns 82,353 shares of the company’s stock valued at $371,000 after buying an additional 2,000 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in NIO by 13.9% during the first quarter. Westwood Holdings Group Inc. now owns 16,649 shares of the company’s stock valued at $75,000 after buying an additional 2,038 shares in the last quarter. Atomi Financial Group Inc. raised its stake in NIO by 15.5% during the third quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock valued at $129,000 after buying an additional 2,588 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in NIO by 22.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock valued at $61,000 after buying an additional 2,651 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in NIO by 4.8% during the second quarter. Assenagon Asset Management S.A. now owns 63,093 shares of the company’s stock valued at $262,000 after buying an additional 2,915 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Price Performance

Shares of NYSE NIO opened at $5.10 on Friday. The stock has a fifty day moving average price of $5.43 and a two-hundred day moving average price of $4.87. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. Nio Inc – has a 1 year low of $3.61 and a 1 year high of $9.57.

NIO (NYSE:NIO) last issued its quarterly earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($2.21). The firm had revenue of $17.45 billion during the quarter, compared to analyst estimates of $17.49 billion. NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The firm’s quarterly revenue was up 98.9% on a year-over-year basis. During the same period last year, the company posted ($0.51) EPS. As a group, equities analysts forecast that Nio Inc – will post -1.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NIO shares. Wolfe Research assumed coverage on NIO in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Daiwa America upgraded NIO to a “strong-buy” rating in a research report on Monday, September 30th. Citigroup dropped their price target on NIO from $8.50 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Macquarie upgraded NIO from a “neutral” rating to an “outperform” rating and set a $6.60 price target on the stock in a research report on Monday, October 28th. Finally, Bank of America increased their price target on NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NIO currently has an average rating of “Hold” and a consensus target price of $6.11.

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.