U.S. Capital Wealth Advisors LLC Takes $53,000 Position in Nio Inc – (NYSE:NIO)

U.S. Capital Wealth Advisors LLC purchased a new stake in Nio Inc – (NYSE:NIO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,088 shares of the company’s stock, valued at approximately $53,000.

Several other large investors have also modified their holdings of NIO. Spire Wealth Management grew its position in shares of NIO by 348.1% in the 4th quarter. Spire Wealth Management now owns 21,499 shares of the company’s stock worth $94,000 after buying an additional 16,701 shares during the last quarter. Caprock Group LLC grew its position in shares of NIO by 37.1% in the 4th quarter. Caprock Group LLC now owns 19,742 shares of the company’s stock worth $86,000 after buying an additional 5,347 shares during the last quarter. Swedbank AB grew its position in shares of NIO by 0.8% in the 4th quarter. Swedbank AB now owns 1,068,110 shares of the company’s stock worth $4,657,000 after buying an additional 9,000 shares during the last quarter. BSW Wealth Partners grew its position in shares of NIO by 21.4% in the 4th quarter. BSW Wealth Partners now owns 20,423 shares of the company’s stock worth $89,000 after buying an additional 3,606 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its position in shares of NIO by 24.1% in the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock worth $61,000 after buying an additional 2,867 shares during the last quarter. Institutional investors own 48.55% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NIO. The Goldman Sachs Group downgraded shares of NIO from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. downgraded shares of NIO from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $7.00 to $4.70 in a research note on Tuesday. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Macquarie cut NIO from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $6.60 to $4.80 in a research report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.38.

NIO Trading Up 0.8 %

NIO stock opened at $4.24 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Nio Inc – has a 52 week low of $3.61 and a 52 week high of $7.71. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of -2.80 and a beta of 1.68. The stock has a 50-day moving average price of $4.42 and a 200 day moving average price of $4.75.

About NIO

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.