Oppenheimer & Co. Inc. Sells 25,729 Shares of Nio Inc – (NYSE:NIO)

Oppenheimer & Co. Inc. lowered its stake in Nio Inc – (NYSE:NIO) by 33.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,332 shares of the company’s stock after selling 25,729 shares during the period. Oppenheimer & Co. Inc.’s holdings in NIO were worth $228,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Delap Wealth Advisory LLC bought a new position in shares of NIO in the fourth quarter worth $149,000. Handelsbanken Fonder AB increased its position in shares of NIO by 27.7% in the fourth quarter. Handelsbanken Fonder AB now owns 726,014 shares of the company’s stock worth $3,165,000 after purchasing an additional 157,333 shares during the period. ABC Arbitrage SA bought a new position in NIO in the fourth quarter valued at about $55,000. Compagnie Lombard Odier SCmA grew its position in NIO by 57.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 24,104 shares of the company’s stock valued at $105,000 after acquiring an additional 8,750 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in NIO by 7.6% in the fourth quarter. Van ECK Associates Corp now owns 519,404 shares of the company’s stock valued at $2,265,000 after acquiring an additional 36,486 shares during the last quarter. Institutional investors own 48.55% of the company’s stock.

NIO Price Performance

NIO stock opened at $4.46 on Monday. The stock’s 50 day moving average is $4.33 and its 200 day moving average is $4.81. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The firm has a market cap of $9.30 billion, a P/E ratio of -2.95 and a beta of 1.81. Nio Inc – has a one year low of $3.61 and a one year high of $7.71.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. The Goldman Sachs Group cut NIO from a “neutral” rating to a “sell” rating and decreased their target price for the company from $4.80 to $3.90 in a research report on Monday, November 25th. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Macquarie cut NIO from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. HSBC cut NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NIO has an average rating of “Hold” and a consensus target price of $5.30.

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.