Tudor Investment Corp Et Al Purchases New Shares in Nio Inc – (NYSE:NIO)

Tudor Investment Corp Et Al purchased a new stake in shares of Nio Inc – (NYSE:NIO – Get Rating) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 28,377 shares of the company’s stock, valued at approximately $448,000.

A number of other large investors have also added to or reduced their stakes in NIO. Renaissance Technologies LLC grew its holdings in NIO by 229.0% during the 2nd quarter. Renaissance Technologies LLC now owns 17,768,900 shares of the company’s stock valued at $385,941,000 after purchasing an additional 12,367,300 shares in the last quarter. Aspex Management HK Ltd grew its holdings in NIO by 145.9% during the 3rd quarter. Aspex Management HK Ltd now owns 10,113,800 shares of the company’s stock valued at $159,495,000 after purchasing an additional 6,000,000 shares in the last quarter. CI Investments Inc. grew its holdings in NIO by 151,311.5% during the 2nd quarter. CI Investments Inc. now owns 2,919,214 shares of the company’s stock valued at $63,405,000 after purchasing an additional 2,917,286 shares in the last quarter. Barclays PLC grew its holdings in NIO by 73.2% during the 3rd quarter. Barclays PLC now owns 5,915,266 shares of the company’s stock valued at $93,283,000 after purchasing an additional 2,499,047 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in NIO by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 49,061,112 shares of the company’s stock valued at $1,032,737,000 after purchasing an additional 2,271,730 shares in the last quarter. 30.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Sanford C. Bernstein decreased their price objective on shares of NIO from $25.00 to $15.00 in a report on Thursday, November 10th. UBS Group lowered shares of NIO from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $32.00 to $13.00 in a report on Thursday, November 17th. Bank of America decreased their price objective on shares of NIO from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, November 11th. Barclays lowered shares of NIO from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $18.00 to $10.00 in a report on Thursday, March 2nd. Finally, JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $14.00 to $10.00 in a 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.94.

NIO Trading Down 3.7 %

Shares of NYSE:NIO opened at $8.97 on Wednesday. The company has a market cap of $14.97 billion, a PE ratio of -6.90 and a beta of 1.93. The company’s 50-day moving average price is $10.67 and its 200 day moving average price is $12.87. Nio Inc – has a fifty-two week low of $8.31 and a fifty-two week high of $24.43. The company has a quick ratio of 1.11, a current ratio of 1.29 and a debt-to-equity ratio of 0.45.

About NIO

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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.