Nio Inc – (NYSE:NIO) Shares Bought by Caprock Group LLC

Caprock Group LLC raised its stake in shares of Nio Inc – (NYSE:NIO) by 37.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,742 shares of the company’s stock after purchasing an additional 5,347 shares during the period. Caprock Group LLC’s holdings in NIO were worth $86,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC boosted its position in NIO by 5,388.5% during the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company’s stock worth $36,038,000 after purchasing an additional 5,296,601 shares during the period. Quadrature Capital Ltd lifted its position in shares of NIO by 32.3% during the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock worth $14,756,000 after purchasing an additional 538,907 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of NIO by 104.8% in the fourth quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock valued at $5,018,000 after purchasing an additional 589,082 shares during the period. Swedbank AB grew its holdings in NIO by 0.8% during the 4th quarter. Swedbank AB now owns 1,068,110 shares of the company’s stock valued at $4,657,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in NIO during the 3rd quarter worth $4,879,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on NIO. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $7.00 to $4.70 in a report on Tuesday. Macquarie downgraded NIO from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and lowered their price target for the company from $4.80 to $3.90 in a report on Monday, November 25th. Finally, Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.38.

NIO Trading Up 0.8 %

Shares of NYSE:NIO opened at $4.24 on Friday. Nio Inc – has a twelve month low of $3.61 and a twelve month high of $7.71. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The firm has a market cap of $8.84 billion, a P/E ratio of -2.80 and a beta of 1.68. The company has a 50 day moving average of $4.42 and a 200-day moving average of $4.75.

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.