Nio Inc – (NYSE:NIO) Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in shares of Nio Inc – (NYSE:NIO) by 104.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,151,011 shares of the company’s stock after buying an additional 589,082 shares during the period. SG Americas Securities LLC’s holdings in NIO were worth $5,018,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of NIO by 8.4% during the second quarter. American Century Companies Inc. now owns 434,248 shares of the company’s stock valued at $1,806,000 after acquiring an additional 33,788 shares during the period. Renaissance Technologies LLC acquired a new stake in NIO during the 2nd quarter valued at $1,076,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of NIO by 65.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 38,906 shares of the company’s stock valued at $161,000 after purchasing an additional 15,441 shares in the last quarter. AE Wealth Management LLC acquired a new stake in shares of NIO in the second quarter worth $75,000. Finally, Sei Investments Co. grew its holdings in shares of NIO by 4.0% during the second quarter. Sei Investments Co. now owns 195,894 shares of the company’s stock valued at $815,000 after buying an additional 7,600 shares in the last quarter. 48.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

NIO Stock Up 3.5 %

Shares of NYSE:NIO opened at $4.28 on Friday. The company has a 50 day moving average price of $4.48 and a two-hundred day moving average price of $4.78. The company has a market capitalization of $7.36 billion, a PE ratio of -2.83 and a beta of 1.70. Nio Inc – has a 52 week low of $3.61 and a 52 week high of $7.71. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

NIO Company Profile

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.