Ballentine Partners LLC Increases Position in Nio Inc – (NYSE:NIO)

Ballentine Partners LLC raised its position in Nio Inc – (NYSE:NIOFree Report) by 31.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 31,508 shares of the company’s stock after acquiring an additional 7,488 shares during the period. Ballentine Partners LLC’s holdings in NIO were worth $137,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new position in shares of NIO in the 3rd quarter valued at about $32,000. First Trust Direct Indexing L.P. purchased a new position in shares of NIO during the 3rd quarter worth $76,000. Apollon Wealth Management LLC purchased a new stake in NIO in the 3rd quarter valued at about $78,000. Sivia Capital Partners LLC purchased a new position in NIO during the third quarter worth approximately $92,000. Finally, Avior Wealth Management LLC grew its position in NIO by 106.1% during the third quarter. Avior Wealth Management LLC now owns 14,588 shares of the company’s stock valued at $97,000 after acquiring an additional 7,510 shares during the period. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Trading Up 3.5 %

Shares of NYSE:NIO opened at $4.28 on Monday. The firm has a market capitalization of $7.36 billion, a P/E ratio of -2.83 and a beta of 1.70. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Nio Inc – has a 12-month low of $3.61 and a 12-month high of $7.71. The firm has a fifty day moving average of $4.48 and a two-hundred day moving average of $4.78.

Analysts Set New Price Targets

NIO has been the topic of several recent research reports. Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Daiwa America raised NIO to a “strong-buy” rating in a research report on Monday, September 30th. Macquarie downgraded NIO from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $6.60 to $4.80 in a research note on Wednesday, November 20th. HSBC lowered NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and decreased their price target for the company from $4.80 to $3.90 in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NIO presently has an average rating of “Hold” and an average price target of $5.71.

View Our Latest Research Report on NIO

NIO Profile

(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.

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Institutional Ownership by Quarter for NIO (NYSE:NIO)

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