6 days Ago By ABMN Staff
Orion Portfolio Solutions LLC bought a new position in shares of Nio Inc – ( NYSE:NIO – Free Report ) during the 4th quarter, Holdings Channel reports. The institutional investor bought 21,231 shares of the company’s stock, valued at approximately $93,000. Other institutional investors have also recently bought and sold shares of the company.
Blue Trust Inc. boosted its position in shares of NIO by 138.5% during the fourth quarter.
Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after buying an additional 3,607 shares during the period. Jones Financial Companies Lllp boosted its position in NIO by 131.
8% during the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after acquiring an additional 4,332 shares during the last quarter. Sava Infond d.
o.o. bought a new position in shares of NIO during the 4th quarter worth approximately $44,000.
Callan Family Office LLC acquired a new stake in shares of NIO in the fourth quarter valued at approximately $44,000. Finally, Trilogy Capital Inc. bought a new stake in shares of NIO in the fourth quarter worth $45,000.
Institutional investors own 48.55% of the company’s stock. NIO Stock Performance Shares of NYSE NIO opened at $3.
50 on Friday. Nio Inc – has a 12 month low of $3.02 and a 12 month high of $7.
71. The stock has a 50 day moving average of $4.23 and a 200-day moving average of $4.
67. 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 has a market capitalization of $7.
30 billion, a P/E ratio of -2.32 and a beta of 1.74.
Analysts Set New Price Targets Several equities research analysts have issued reports on the stock. Mizuho lowered their price target on shares of NIO from $4.20 to $3.
50 and set a “neutral” rating on the stock in a research note on Thursday. Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co.
lowered NIO from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th.
HSBC downgraded NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Citigroup cut their price objective on NIO from $8.90 to $8.
10 and set a “buy” rating for the company in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.
com, NIO currently has a consensus rating of “Hold” and an average target price of $5.05. Get Our Latest Research Report 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 ). Receive News & Ratings for NIO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIO and related companies with MarketBeat.com's FREE daily email newsletter .
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