180 Wealth Advisors LLC Sells 6,685 Shares of Nio Inc – (NYSE:NIO)

180 Wealth Advisors LLC reduced its stake in Nio Inc – (NYSE:NIO) by 6.5% during the fourth quarter, HoldingsChannel reports. The fund owned 95,651 shares of the company’s stock after selling 6,685 shares during the period. 180 Wealth Advisors LLC’s holdings in NIO were worth $417,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC grew its position in NIO by 5,388.5% during the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company’s stock valued at $36,038,000 after purchasing an additional 5,296,601 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of NIO by 164.3% in the second quarter. Point72 Asset Management L.P. now owns 6,464,246 shares of the company’s stock worth $26,891,000 after buying an additional 4,018,659 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of NIO in the third quarter worth approximately $4,879,000. Quadrature Capital Ltd grew its holdings in shares of NIO by 32.3% during the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock valued at $14,756,000 after buying an additional 538,907 shares during the last quarter. Finally, SIH Partners LLLP increased its position in shares of NIO by 104.0% during the second quarter. SIH Partners LLLP now owns 663,540 shares of the company’s stock valued at $2,760,000 after acquiring an additional 338,320 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors.

NIO Trading Up 0.2 %

NIO stock opened at $4.07 on Wednesday. Nio Inc – has a 52-week low of $3.61 and a 52-week high of $7.71. The company has a market cap of $7.00 billion, a P/E ratio of -2.70 and a beta of 1.70. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The business has a 50-day simple moving average of $4.57 and a two-hundred day simple moving average of $4.80.

Analysts Set New Price Targets

Several research firms recently issued reports on NIO. Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and lowered their price target for the company from $4.80 to $3.90 in a report on Monday, November 25th. Daiwa America upgraded NIO to a “strong-buy” rating in a report on Monday, September 30th. Macquarie lowered NIO from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $6.60 to $4.80 in a research report on Wednesday, November 20th. Finally, HSBC downgraded shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Two investment 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’s stock. Based on data from MarketBeat, NIO currently has an average rating of “Hold” and an average price target 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.