Capital Advisors Inc. OK Makes New Investment in Nio Inc – (NYSE:NIO)

Capital Advisors Inc. OK bought a new stake in shares of Nio Inc – (NYSE:NIO) in the 4th quarter, HoldingsChannel.com reports. The firm bought 25,300 shares of the company’s stock, valued at approximately $110,000.

A number of other hedge funds have also made changes to their positions in NIO. XY Capital Ltd acquired a new stake in NIO in the fourth quarter valued at $1,544,000. AlphaStar Capital Management LLC bought a new stake in shares of NIO in the 4th quarter worth about $537,000. Telos Capital Management Inc. acquired a new stake in shares of NIO in the 4th quarter valued at about $59,000. Trilogy Capital Inc. acquired a new stake in shares of NIO in the 4th quarter valued at about $45,000. Finally, Tempus Wealth Planning LLC bought a new position in shares of NIO during the fourth quarter worth about $173,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NIO. Macquarie cut NIO from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Hsbc Global Res cut shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $4.80 to $3.90 in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and cut their target price for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.38.

NIO Trading Up 4.2 %

Shares of NIO stock opened at $4.21 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. Nio Inc – has a 1 year low of $3.61 and a 1 year high of $7.71. The company’s fifty day simple moving average is $4.40 and its 200-day simple moving average is $4.75. The company has a market cap of $8.79 billion, a price-to-earnings ratio of -2.79 and a beta of 1.68.

NIO 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.