Greenwich Wealth Management LLC Sells 11,640 Shares of Nio Inc – (NYSE:NIO)

Greenwich Wealth Management LLC lessened its stake in Nio Inc – (NYSE:NIO) by 37.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,087 shares of the company’s stock after selling 11,640 shares during the period. Greenwich Wealth Management LLC’s holdings in NIO were worth $83,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NIO. Toronto Dominion Bank lifted its position in shares of NIO by 1,652,962.5% in the 3rd quarter. Toronto Dominion Bank now owns 132,245 shares of the company’s stock worth $883,000 after acquiring an additional 132,237 shares during the period. SBI Securities Co. Ltd. bought a new position in NIO in the fourth quarter worth $1,360,000. AlphaStar Capital Management LLC acquired a new stake in NIO during the fourth quarter worth $537,000. FMR LLC increased its holdings in NIO by 5,388.5% in the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company’s stock valued at $36,038,000 after buying an additional 5,296,601 shares during the period. Finally, Main Management ETF Advisors LLC bought a new stake in NIO in the 3rd quarter valued at $1,327,000. 48.55% of the stock is owned by institutional investors and hedge funds.

NIO Price Performance

Shares of NIO stock opened at $4.89 on Monday. Nio Inc – has a 52 week low of $3.61 and a 52 week high of $7.71. The stock has a market capitalization of $10.20 billion, a PE ratio of -3.24 and a beta of 1.81. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The stock’s fifty day moving average is $4.38 and its 200-day moving average is $4.84.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. The Goldman Sachs Group cut NIO from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $4.80 to $3.90 in a report on Monday, November 25th. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Finally, 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 report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NIO currently has a consensus rating of “Hold” and a consensus target price of $5.03.

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.