Nio Inc – (NYSE:NIO) Shares Bought by WMG Financial Advisors LLC

WMG Financial Advisors LLC grew its stake in shares of Nio Inc – (NYSE:NIO) by 37.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,535 shares of the company’s stock after acquiring an additional 104,478 shares during the period. NIO comprises approximately 0.7% of WMG Financial Advisors LLC’s holdings, making the stock its 25th biggest position. WMG Financial Advisors LLC’s holdings in NIO were worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted 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 buying an additional 3,607 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of NIO in the 3rd quarter valued at about $32,000. Jones Financial Companies Lllp boosted its holdings in shares of NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after buying an additional 4,332 shares during the period. Trilogy Capital Inc. acquired a new position in shares of NIO in the 4th quarter valued at about $45,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in shares of NIO in the 4th quarter valued at about $53,000. 48.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NIO has been the subject of several research reports. JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. The Goldman Sachs Group lowered shares of NIO from a “neutral” rating to a “sell” rating and decreased their price target for the company from $4.80 to $3.90 in a report on Monday, November 25th. HSBC downgraded shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Macquarie downgraded shares of NIO from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th. Finally, Hsbc Global Res downgraded shares of NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Two 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. Based on data from MarketBeat.com, NIO presently has a consensus rating of “Hold” and an average price target of $5.38.

NIO Stock Down 8.2 %

NIO stock opened at $4.25 on Tuesday. Nio Inc – has a 52 week low of $3.61 and a 52 week high of $7.71. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of -2.81 and a beta of 1.68. The firm’s 50-day moving average is $4.36 and its two-hundred day moving average is $4.80. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

About NIO

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.