Cibc World Market Inc. Has $125,000 Stock Position in NIO Inc. $NIO

Cibc World Market Inc. reduced its stake in NIO Inc. (NYSE:NIO) by 87.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,452 shares of the company’s stock after selling 118,191 shares during the period. Cibc World Market Inc.’s holdings in NIO were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. ABC Arbitrage SA acquired a new position in shares of NIO in the third quarter valued at approximately $1,857,000. American Century Companies Inc. grew its holdings in NIO by 37.4% during the 2nd quarter. American Century Companies Inc. now owns 965,409 shares of the company’s stock worth $3,311,000 after acquiring an additional 262,637 shares during the last quarter. RWC Asset Advisors US LLC acquired a new position in NIO in the 3rd quarter valued at approximately $79,761,000. Y Intercept Hong Kong Ltd bought a new position in shares of NIO during the third quarter valued at $3,812,000. Finally, Marex Group plc acquired a new position in shares of NIO during the second quarter worth $916,000. 48.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of NIO in a report on Monday, December 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $7.00 target price on shares of NIO in a report on Thursday, October 30th. Barclays increased their price target on NIO from $3.00 to $4.00 and gave the company an “underweight” rating in a research note on Friday, November 28th. Citigroup cut their price objective on NIO from $8.60 to $6.90 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Finally, Macquarie Infrastructure upgraded NIO from a “neutral” rating to an “outperform” rating and set a $6.10 target price on the stock in a report on Thursday, January 15th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $6.83.

NIO Stock Performance

NIO stock opened at $5.08 on Friday. The firm has a market cap of $10.59 billion, a PE ratio of -3.50 and a beta of 1.10. The company has a current ratio of 0.94, a quick ratio of 0.83 and a debt-to-equity ratio of 2.36. The stock has a 50-day moving average price of $4.85 and a 200-day moving average price of $5.77. NIO Inc. has a 1-year low of $3.02 and a 1-year high of $8.02.

NIO 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.