Fieldpoint Private Securities LLC Grows Stock Holdings in Nio Inc – (NYSE:NIO)

Fieldpoint Private Securities LLC lifted its position in Nio Inc – (NYSE:NIOGet Rating) by 67.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,844 shares of the company’s stock after buying an additional 740 shares during the period. Fieldpoint Private Securities LLC’s holdings in NIO were worth $39,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bellevue Group AG acquired a new stake in NIO in the fourth quarter valued at approximately $25,000. Leverty Financial Group LLC acquired a new stake in shares of NIO in the 4th quarter worth $31,000. Paragon Capital Management Ltd purchased a new position in NIO during the 4th quarter worth $38,000. Ahrens Investment Partners LLC purchased a new position in NIO during the 4th quarter worth $42,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of NIO during the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 42.98% of the company’s stock.

Shares of NYSE NIO opened at $22.55 on Thursday. The firm has a market cap of $37.64 billion, a price-to-earnings ratio of -30.47 and a beta of 2.46. The company’s 50-day simple moving average is $17.37 and its 200-day simple moving average is $22.37. The company has a quick ratio of 1.93, a current ratio of 2.02 and a debt-to-equity ratio of 0.33. Nio Inc – has a 52-week low of $11.67 and a 52-week high of $55.13.

NIO (NYSE:NIOGet Rating) last issued its quarterly earnings results on Thursday, June 9th. The company reported ($0.79) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.03) by $0.24. NIO had a negative net margin of 19.67% and a negative return on equity of 24.99%. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.86 billion. During the same period last year, the company posted ($0.48) EPS. NIO’s quarterly revenue was up 24.2% compared to the same quarter last year. Equities research analysts anticipate that Nio Inc – will post -0.62 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on NIO shares. initiated coverage on shares of NIO in a report on Thursday, March 24th. They set a “buy” rating and a $32.40 price objective on the stock. Bank of America raised NIO from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a report on Monday, May 16th. UBS Group upgraded shares of NIO from a “neutral” rating to a “buy” rating and cut their price target for the stock from $42.00 to $32.00 in a report on Monday, April 4th. Morgan Stanley decreased their price objective on shares of NIO from $34.00 to $31.00 and set an “overweight” rating for the company in a research note on Friday, June 10th. Finally, Nomura cut their price objective on shares of NIO from $67.10 to $51.50 and set a “buy” rating on the stock in a research note on Monday, March 28th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.91.

About NIO (Get Rating)

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.

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Institutional Ownership by Quarter for NIO (NYSE:NIO)

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