ABC Arbitrage SA Purchases Shares of 243,697 NIO Inc. $NIO

ABC Arbitrage SA acquired a new position in NIO Inc. (NYSE:NIO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 243,697 shares of the company’s stock, valued at approximately $1,857,000.

Other hedge funds have also recently made changes to their positions in the company. Stratos Wealth Partners LTD. lifted its stake in NIO by 35.0% during the third quarter. Stratos Wealth Partners LTD. now owns 15,210 shares of the company’s stock worth $116,000 after purchasing an additional 3,947 shares in the last quarter. Profund Advisors LLC grew its stake in shares of NIO by 6.1% in the third quarter. Profund Advisors LLC now owns 239,731 shares of the company’s stock valued at $1,827,000 after buying an additional 13,742 shares in the last quarter. RFG Advisory LLC purchased a new stake in shares of NIO in the 3rd quarter valued at $108,000. Vantage Financial Partners LLC acquired a new position in NIO during the 3rd quarter worth about $83,000. Finally, SBI Securities Co. Ltd. lifted its stake in NIO by 2.3% during the 3rd quarter. SBI Securities Co. Ltd. now owns 305,637 shares of the company’s stock worth $2,329,000 after acquiring an additional 6,973 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Analyst Upgrades and Downgrades

NIO has been the subject of several research reports. Citigroup dropped their target price on NIO from $8.60 to $6.90 and set a “buy” rating for the company in a research report on Wednesday, November 26th. UBS Group cut shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NIO in a report on Monday, December 29th. Barclays raised their price target on shares of NIO from $3.00 to $4.00 and gave the company an “underweight” rating in a research report on Friday, November 28th. Finally, Macquarie Infrastructure raised NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price objective on the stock in a research report on Thursday, January 15th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.83.

NIO Stock Performance

NYSE:NIO opened at $4.98 on Wednesday. NIO Inc. has a 12 month low of $3.02 and a 12 month high of $8.02. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.94 and a quick ratio of 0.83. The firm has a market capitalization of $10.39 billion, a PE ratio of -3.43 and a beta of 1.10. The business’s fifty day moving average price is $4.86 and its 200 day moving average price is $5.77.

NIO Company Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.