Nio Inc – (NYSE:NIO) Shares Bought by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of Nio Inc – (NYSE:NIO) by 138.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,212 shares of the company’s stock after purchasing an additional 3,607 shares during the quarter. Blue Trust Inc.’s holdings in NIO were worth $27,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the business. International Assets Investment Management LLC boosted its position in shares of NIO by 580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 392,343 shares of the company’s stock valued at $2,621,000 after acquiring an additional 334,723 shares during the last quarter. Toronto Dominion Bank boosted its holdings in NIO by 1,652,962.5% during the 3rd quarter. Toronto Dominion Bank now owns 132,245 shares of the company’s stock valued at $883,000 after acquiring an additional 132,237 shares during the period. FMR LLC increased its stake in NIO by 5,388.5% during the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company’s stock worth $36,038,000 after buying an additional 5,296,601 shares during the period. Main Management ETF Advisors LLC purchased a new position in NIO in the third quarter valued at $1,327,000. Finally, Signaturefd LLC grew its position 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 buying an additional 7,014 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $4.80 to $3.90 in a report on Monday, November 25th. Macquarie downgraded shares of NIO from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. cut shares of NIO from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. HSBC lowered NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.38.

NIO Stock Up 2.0 %

Shares of NYSE:NIO opened at $4.33 on Tuesday. The company has a market capitalization of $9.03 billion, a P/E ratio of -2.86 and a beta of 1.68. The stock’s fifty day simple moving average is $4.42 and its 200-day simple moving average is $4.76. Nio Inc – has a 52-week low of $3.61 and a 52-week high of $7.71. 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 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.