MCF Advisors LLC Grows Position in Nio Inc – (NYSE:NIO)

MCF Advisors LLC grew its holdings in shares of Nio Inc – (NYSE:NIO) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,350 shares of the company’s stock after buying an additional 4,479 shares during the period. MCF Advisors LLC’s holdings in NIO were worth $485,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in NIO in the 3rd quarter worth about $32,000. AE Wealth Management LLC purchased a new position in shares of NIO in the second quarter worth $75,000. First Trust Direct Indexing L.P. bought a new position in shares of NIO during the third quarter valued at $76,000. Apollon Wealth Management LLC purchased a new stake in shares of NIO during the third quarter valued at $78,000. Finally, Sivia Capital Partners LLC bought a new stake in NIO in the 3rd quarter worth about $92,000. 48.55% of the stock is currently owned by institutional investors.

NIO Trading Down 4.0 %

NIO stock opened at $4.19 on Wednesday. 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’s 50 day moving average price is $4.49 and its 200-day moving average price is $4.79. Nio Inc – has a 1 year low of $3.61 and a 1 year high of $7.71.

Analysts Set New Price Targets

A number of brokerages have recently commented on NIO. The Goldman Sachs Group lowered shares of NIO from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $4.80 to $3.90 in a research note on Monday, November 25th. Hsbc Global Res lowered NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Macquarie cut NIO from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $6.60 to $4.80 in a research report on Wednesday, November 20th. HSBC downgraded shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Daiwa America raised NIO to a “strong-buy” rating in a report on Monday, September 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, NIO presently has a consensus rating of “Hold” and a consensus target price of $5.71.

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.