Compagnie Lombard Odier SCmA Buys 8,750 Shares of Nio Inc – (NYSE:NIO)

Compagnie Lombard Odier SCmA boosted its stake in shares of Nio Inc – (NYSE:NIO) by 57.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,104 shares of the company’s stock after acquiring an additional 8,750 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in NIO were worth $105,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of NIO by 138.5% during the fourth 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 last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of NIO during the third quarter valued at approximately $32,000. Trilogy Capital Inc. bought a new position in shares of NIO during the fourth quarter valued at approximately $45,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of NIO during the fourth quarter valued at approximately $53,000. Finally, Telos Capital Management Inc. bought a new position in shares of NIO during the fourth quarter valued at approximately $59,000. 48.55% of the stock is owned by institutional investors.

NIO Stock Up 4.1 %

NIO stock opened at $4.44 on Friday. The business has a fifty day moving average of $4.39 and a two-hundred day moving average of $4.75. 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 firm has a market cap of $9.26 billion, a P/E ratio of -2.94 and a beta of 1.68. Nio Inc – has a twelve month low of $3.61 and a twelve month high of $7.71.

Analysts Set New Price Targets

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