Coe Capital Management LLC Makes New Investment in Nio Inc – (NYSE:NIO)

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Coe Capital Management LLC purchased a new position in Nio Inc – (NYSE:NIO) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 16,500 shares of the company’s stock, valued at approximately $804,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Focused Wealth Management Inc increased its position in NIO by 19.2% in the fourth quarter. Focused Wealth Management Inc now owns 1,265 shares of the company’s stock worth $62,000 after buying an additional 204 shares in the last quarter. Private Capital Group LLC increased its position in NIO by 72.2% in the fourth quarter. Private Capital Group LLC now owns 861 shares of the company’s stock worth $42,000 after buying an additional 361 shares in the last quarter. Toth Financial Advisory Corp increased its position in NIO by 42.2% in the fourth quarter. Toth Financial Advisory Corp now owns 1,449 shares of the company’s stock worth $71,000 after buying an additional 430 shares in the last quarter. Signaturefd LLC increased its position in NIO by 4.2% in the third quarter. Signaturefd LLC now owns 11,146 shares of the company’s stock worth $237,000 after buying an additional 446 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of NIO by 122.3% during the fourth quarter. Parallel Advisors LLC now owns 1,105 shares of the company’s stock worth $54,000 after purchasing an additional 608 shares in the last quarter.

Shares of NIO stock traded up $1.50 on Friday, reaching $55.93. 359,027 shares of the company’s stock were exchanged, compared to its average volume of 105,863,039. Nio Inc – has a 52 week low of $2.11 and a 52 week high of $66.99. The company has a current ratio of 2.42, a quick ratio of 2.33 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $71.71 billion, a PE ratio of -58.53 and a beta of 2.81. The company’s fifty day simple moving average is $57.67 and its 200 day simple moving average is $36.98.

NIO (NYSE:NIO) last issued its quarterly earnings results on Tuesday, November 17th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.03. The business had revenue of $666.60 million for the quarter, compared to the consensus estimate of $628.00 million. As a group, sell-side analysts predict that Nio Inc – will post -0.73 earnings per share for the current fiscal year.

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their target price on NIO from $34.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 19th. Nomura Instinet initiated coverage on NIO in a research report on Friday, January 22nd. They set a “buy” rating and a $80.30 target price for the company. Bank of America raised their price target on NIO from $59.00 to $70.00 and gave the company a “buy” rating in a report on Monday, January 11th. The Goldman Sachs Group upgraded NIO from a “sell” rating to a “neutral” rating and raised their price target for the company from $7.70 to $59.00 in a report on Tuesday, December 1st. Finally, Nomura initiated coverage on NIO in a report on Friday, January 22nd. They set a “buy” rating and a $80.30 price target for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $44.73.

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.

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