34,225 Shares in Nio Inc – (NYSE:NIO) Bought by Delap Wealth Advisory LLC

Delap Wealth Advisory LLC bought a new stake in Nio Inc – (NYSE:NIO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,225 shares of the company’s stock, valued at approximately $149,000.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of NIO in the third quarter valued at $32,000. Blue Trust Inc. raised its stake in shares of NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after buying an additional 3,607 shares during the period. Trilogy Capital Inc. bought a new stake in shares of NIO in the fourth quarter valued at $45,000. First Trust Direct Indexing L.P. bought a new stake in shares of NIO in the third quarter valued at $76,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of NIO in the third quarter valued at $78,000. 48.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NIO has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. HSBC lowered NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $4.80 to $3.90 in a research note on Monday, November 25th. Macquarie lowered NIO from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. 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 issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, NIO currently has an average rating of “Hold” and a consensus price target of $5.38.

NIO Stock Performance

Shares of NIO stock opened at $4.45 on Friday. Nio Inc – has a 12 month low of $3.61 and a 12 month high of $7.71. The stock has a market cap of $9.28 billion, a PE ratio of -2.94 and a beta of 1.68. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The company’s fifty day moving average price is $4.35 and its 200-day moving average price is $4.76.

NIO Company 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.