
Raymond James Financial Inc. Invests $1.78 Million in Nio Inc - (NYSE:NIO)

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Raymond James Financial Inc. has invested approximately $1.78 million in Nio Inc. by acquiring 407,344 shares during the fourth quarter, as reported in its recent SEC filing. Other institutional investors, including FMR LLC and Quadrature Capital Ltd, have also increased their stakes in Nio. The stock opened at $3.82, with a market cap of $7.96 billion and a PE ratio of -2.53. Analysts have mixed ratings on Nio, with a consensus rating of "Hold" and an average price target of $5.00.
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