XY Capital Ltd Buys Shares of 354,077 Nio Inc – (NYSE:NIO)

XY Capital Ltd bought a new stake in shares of Nio Inc – (NYSE:NIO) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 354,077 shares of the company’s stock, valued at approximately $1,544,000. NIO comprises approximately 0.7% of XY Capital Ltd’s portfolio, making the stock its 12th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ballentine Partners LLC increased its stake in NIO by 11.5% during the 3rd quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock worth $160,000 after purchasing an additional 2,482 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in shares of NIO by 15.5% during the third quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after buying an additional 2,588 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of NIO by 24.1% in the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock valued at $61,000 after acquiring an additional 2,867 shares in the last quarter. BSW Wealth Partners grew its holdings in shares of NIO by 21.4% in the 4th quarter. BSW Wealth Partners now owns 20,423 shares of the company’s stock valued at $89,000 after acquiring an additional 3,606 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after acquiring an additional 3,607 shares in the last quarter. Institutional investors own 48.55% of the company’s stock.

NIO Stock Up 0.8 %

Shares of NIO opened at $4.24 on Monday. The business has a 50-day moving average of $4.42 and a 200-day moving average of $4.76. Nio Inc – has a 1 year low of $3.61 and a 1 year high of $7.71. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NIO shares. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. HSBC lowered shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Hsbc Global Res downgraded shares of NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Macquarie downgraded shares of 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. Finally, The Goldman Sachs Group downgraded shares of NIO from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $4.80 to $3.90 in a report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, NIO has a consensus rating of “Hold” and an average target price of $5.38.

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.