Sanctuary Advisors LLC Has $195,000 Stock Holdings in Nio Inc – (NYSE:NIO)

Sanctuary Advisors LLC reduced its stake in Nio Inc – (NYSE:NIO) by 47.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,897 shares of the company’s stock after selling 38,962 shares during the period. Sanctuary Advisors LLC’s holdings in NIO were worth $195,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in NIO by 138.5% during 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. Allspring Global Investments Holdings LLC acquired a new position in shares of NIO during the third quarter worth approximately $32,000. Trilogy Capital Inc. bought a new position in shares of NIO in the 4th quarter worth $45,000. U.S. Capital Wealth Advisors LLC acquired a new stake in NIO in the 4th quarter valued at $53,000. Finally, ABC Arbitrage SA bought a new stake in NIO during the 4th quarter valued at $55,000. Institutional investors own 48.55% of the company’s stock.

NIO Stock Performance

Shares of NIO stock opened at $4.35 on Thursday. 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 firm has a market cap of $9.07 billion, a price-to-earnings ratio of -2.88 and a beta of 1.81. Nio Inc – has a 52 week low of $3.61 and a 52 week high of $7.71. The firm’s 50-day simple moving average is $4.35 and its two-hundred day simple moving average is $4.80.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Macquarie lowered NIO from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and dropped their target price 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 research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.38.

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.