Nio Inc – (NYSE:NIO) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lowered its holdings in Nio Inc – (NYSE:NIO) by 24.7% in the third quarter, HoldingsChannel reports. The firm owned 19,117 shares of the company’s stock after selling 6,276 shares during the period. MML Investors Services LLC’s holdings in NIO were worth $128,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC bought a new position in shares of NIO during the second quarter worth about $1,076,000. International Assets Investment Management LLC lifted its stake in NIO by 580.9% during the third quarter. International Assets Investment Management LLC now owns 392,343 shares of the company’s stock worth $2,621,000 after purchasing an additional 334,723 shares during the last quarter. FMR LLC boosted its holdings in NIO by 5,388.5% in the third quarter. FMR LLC now owns 5,394,895 shares of the company’s stock worth $36,038,000 after purchasing an additional 5,296,601 shares during the period. Main Management ETF Advisors LLC bought a new stake in NIO during the third quarter valued at $1,327,000. Finally, Signaturefd LLC raised its holdings in shares of NIO by 16.9% during the third quarter. Signaturefd LLC now owns 48,604 shares of the company’s stock worth $325,000 after purchasing an additional 7,014 shares during the period. Institutional investors and hedge funds own 48.55% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on NIO. Wolfe Research began coverage on NIO in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Macquarie cut shares of NIO from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. Daiwa America raised shares of NIO to a “strong-buy” rating in a research note on Monday, September 30th. Citigroup reduced their price objective on shares of NIO from $8.50 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Finally, Bank of America raised their target price on shares of NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NIO currently has a consensus rating of “Hold” and a consensus price target of $5.71.

NIO Trading Down 4.5 %

NIO stock opened at $4.48 on Friday. The firm’s 50 day moving average price is $4.80 and its two-hundred day moving average price is $4.80. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of -2.97 and a beta of 1.77. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Nio Inc – has a 1 year low of $3.61 and a 1 year high of $9.57.

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.