Kingswood Wealth Advisors LLC Makes New Investment in Nio Inc – (NYSE:NIO)

Kingswood Wealth Advisors LLC bought a new stake in Nio Inc – (NYSE:NIO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 18,155 shares of the company’s stock, valued at approximately $79,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ballentine Partners LLC grew its holdings in NIO by 11.5% during the 3rd quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock worth $160,000 after acquiring an additional 2,482 shares during the last quarter. Atomi Financial Group Inc. lifted its position in shares of NIO by 15.5% during the third quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after purchasing an additional 2,588 shares in the last quarter. PFG Investments LLC grew its stake in shares of NIO by 6.6% during the third quarter. PFG Investments LLC now owns 61,677 shares of the company’s stock valued at $412,000 after purchasing an additional 3,825 shares during the last quarter. MCF Advisors LLC increased its holdings in shares of NIO by 4.2% in the fourth quarter. MCF Advisors LLC now owns 111,350 shares of the company’s stock valued at $485,000 after purchasing an additional 4,479 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in NIO in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

Wall Street Analysts Forecast Growth

NIO has been the topic of several analyst reports. The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and cut their target price for the company from $4.80 to $3.90 in a research note on Monday, November 25th. Hsbc Global Res downgraded shares of NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Macquarie lowered shares of NIO from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.71.

NIO Stock Down 3.0 %

NIO opened at $4.31 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The stock has a fifty day moving average of $4.44 and a 200-day moving average of $4.76. Nio Inc – has a fifty-two week low of $3.61 and a fifty-two week high of $7.71. The company has a market capitalization of $8.99 billion, a P/E ratio of -2.85 and a beta of 1.70.

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.