Nio Inc – (NYSE:NIO) Shares Sold by Stablepoint Partners LLC

Stablepoint Partners LLC cut its position in Nio Inc – (NYSE:NIO) by 15.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,982 shares of the company’s stock after selling 3,427 shares during the quarter. Stablepoint Partners LLC’s holdings in NIO were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NIO. DGS Capital Management LLC acquired a new position in NIO in the 4th quarter valued at about $81,000. Firethorn Wealth Partners LLC acquired a new position in shares of NIO in the fourth quarter valued at approximately $109,000. SG Americas Securities LLC increased its stake in NIO by 104.8% during the 4th quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock worth $5,018,000 after buying an additional 589,082 shares during the period. MCF Advisors LLC increased its stake in NIO by 4.2% during the 4th quarter. MCF Advisors LLC now owns 111,350 shares of the company’s stock worth $485,000 after buying an additional 4,479 shares during the period. Finally, Atomi Financial Group Inc. lifted its holdings in NIO by 39.1% during the 4th quarter. Atomi Financial Group Inc. now owns 26,881 shares of the company’s stock worth $117,000 after buying an additional 7,554 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Trading Up 3.5 %

Shares of NIO stock opened at $4.28 on Monday. 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 company has a fifty day simple moving average of $4.48 and a 200-day simple moving average of $4.78. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of -2.83 and a beta of 1.70. Nio Inc – has a 12-month low of $3.61 and a 12-month high of $7.71.

Analyst Ratings Changes

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