1 day Ago By ABMN Staff
DekaBank Deutsche Girozentrale boosted its position in shares of Nio Inc – ( NYSE:NIO – Free Report ) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,303,549 shares of the company’s stock after acquiring an additional 3,548 shares during the period.
DekaBank Deutsche Girozentrale’s holdings in NIO were worth $5,742,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors also recently bought and sold shares of NIO. Bank of New York Mellon Corp grew its stake in shares of NIO by 32.
1% during the second quarter. Bank of New York Mellon Corp now owns 1,416,709 shares of the company’s stock worth $5,894,000 after acquiring an additional 343,910 shares during the last quarter. Mirae Asset Global Investments Co.
Ltd. grew its position in NIO by 23.4% during the 1st quarter.
Mirae Asset Global Investments Co. Ltd. now owns 2,317,758 shares of the company’s stock worth $10,430,000 after purchasing an additional 439,474 shares during the last quarter.
Electron Capital Partners LLC increased its stake in NIO by 5.6% during the 4th quarter. Electron Capital Partners LLC now owns 4,429,960 shares of the company’s stock valued at $40,180,000 after purchasing an additional 235,521 shares in the last quarter.
BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of NIO by 127.
1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.
now owns 378,638 shares of the company’s stock worth $1,704,000 after buying an additional 211,936 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of NIO by 28.2% during the first quarter.
CANADA LIFE ASSURANCE Co now owns 2,431,771 shares of the company’s stock worth $10,950,000 after buying an additional 535,400 shares during the period. 48.55% of the stock is currently owned by institutional investors and hedge funds.
NIO Trading Up 0.2 % Shares of NYSE:NIO opened at $5.41 on Wednesday.
The company has a market capitalization of $9.30 billion, a PE ratio of -3.20 and a beta of 1.
82. Nio Inc – has a 12-month low of $3.61 and a 12-month high of $10.
47. The business has a 50 day moving average of $4.37 and a two-hundred day moving average of $4.
69. The company has a current ratio of 1.11, a quick ratio of 1.
01 and a debt-to-equity ratio of 0.71. Analyst Upgrades and Downgrades Several equities analysts recently issued reports on the company.
Wolfe Research started coverage on NIO in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Citigroup reduced their price objective on NIO from $8.
50 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. JPMorgan Chase & Co.
raised NIO from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $5.30 to $8.00 in a report on Friday, September 6th.
Finally, Bank of America increased their price target on shares of NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a report on Thursday, September 5th.
One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.
93. Get Our Latest Analysis on NIO About NIO ( Free Report ) 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. See Also Want to see what other hedge funds are holding NIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nio Inc – ( NYSE:NIO – Free Report ).
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