Tower Research Capital LLC TRC Decreases Stake in Nio Inc – (NYSE:NIO)

Tower Research Capital LLC TRC lessened its stake in Nio Inc – (NYSE:NIO – Get Rating) by 23.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,983 shares of the company’s stock after selling 3,670 shares during the quarter. Tower Research Capital LLC TRC’s holdings in NIO were worth $189,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NIO. Renaissance Technologies LLC boosted its stake in shares of NIO by 229.0% in the 2nd quarter. Renaissance Technologies LLC now owns 17,768,900 shares of the company’s stock valued at $385,941,000 after buying an additional 12,367,300 shares during the period. CI Investments Inc. raised its position in shares of NIO by 151,311.5% during the 2nd quarter. CI Investments Inc. now owns 2,919,214 shares of the company’s stock worth $63,405,000 after acquiring an additional 2,917,286 shares in the last quarter. Barclays PLC raised its position in shares of NIO by 73.2% during the 3rd quarter. Barclays PLC now owns 5,915,266 shares of the company’s stock worth $93,283,000 after acquiring an additional 2,499,047 shares in the last quarter. Vanguard Group Inc. raised its position in shares of NIO by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 49,061,112 shares of the company’s stock worth $1,032,737,000 after acquiring an additional 2,271,730 shares in the last quarter. Finally, Mirabella Financial Services LLP raised its position in shares of NIO by 1,477.0% during the 3rd quarter. Mirabella Financial Services LLP now owns 1,892,400 shares of the company’s stock worth $1,892,000 after acquiring an additional 1,772,400 shares in the last quarter. Hedge funds and other institutional investors own 30.06% of the company’s stock.

Wall Street Analyst Weigh In

NIO has been the topic of several research analyst reports. Jefferies Financial Group reissued a “hold” rating and set a $11.27 target price (down previously from $42.30) on shares of NIO in a research report on Monday, November 28th. China Renaissance cut their target price on NIO from $12.30 to $10.40 and set a “hold” rating on the stock in a research report on Thursday, December 29th. Deutsche Bank Aktiengesellschaft raised their target price on NIO from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, November 21st. UBS Group lowered NIO from a “buy” rating to a “neutral” rating and cut their price target for the stock from $32.00 to $13.00 in a research report on Thursday, November 17th. Finally, Mizuho cut their price target on NIO from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, March 2nd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, NIO presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.94.

NIO Trading Down 3.7 %

Shares of NIO stock opened at $8.97 on Wednesday. The business’s 50 day moving average is $10.67 and its two-hundred day moving average is $12.87. Nio Inc – has a twelve month low of $8.31 and a twelve month high of $24.43. The company has a market capitalization of $14.97 billion, a P/E ratio of -6.92 and a beta of 1.93. The company has a current ratio of 1.29, a quick ratio of 1.11 and a debt-to-equity ratio of 0.45.

NIO Profile

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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.