PDS Planning Inc Purchases 2,627 Shares of Nio Inc – (NYSE:NIO)

PDS Planning Inc increased its holdings in Nio Inc – (NYSE:NIO) by 13.0% during the 4th quarter, Holdings Channel reports. The firm owned 22,786 shares of the company’s stock after buying an additional 2,627 shares during the period. PDS Planning Inc’s holdings in NIO were worth $99,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NIO. Blue Trust Inc. lifted its holdings in NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after buying an additional 3,607 shares during the period. Jones Financial Companies Lllp boosted its holdings in NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after acquiring an additional 4,332 shares in the last quarter. Callan Family Office LLC purchased a new position in NIO during the 4th quarter valued at $44,000. Trilogy Capital Inc. bought a new position in NIO in the 4th quarter worth $45,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in shares of NIO in the 4th quarter worth about $53,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of NIO from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. HSBC lowered NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Hsbc Global Res lowered NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Macquarie cut shares of NIO from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.03.

NIO Stock Performance

Shares of NIO stock opened at $5.17 on Thursday. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of -3.42 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. Nio Inc – has a one year low of $3.61 and a one year high of $7.71. The company’s 50-day moving average is $4.41 and its 200 day moving average is $4.86.

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.