Tempus Wealth Planning LLC Takes $173,000 Position in Nio Inc – (NYSE:NIO)

Tempus Wealth Planning LLC bought a new stake in shares of Nio Inc – (NYSE:NIO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,767 shares of the company’s stock, valued at approximately $173,000.

Several other hedge funds have also recently made changes to their positions in NIO. Ballentine Partners LLC raised its position in NIO by 11.5% in 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 during the period. Atomi Financial Group Inc. raised its position in NIO by 15.5% in the 3rd quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after purchasing an additional 2,588 shares during the period. Perigon Wealth Management LLC raised its position in NIO by 24.1% in the 4th quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock worth $61,000 after purchasing an additional 2,867 shares during the period. BSW Wealth Partners raised its position in NIO by 21.4% in the 4th quarter. BSW Wealth Partners now owns 20,423 shares of the company’s stock worth $89,000 after purchasing an additional 3,606 shares during the period. Finally, Blue Trust Inc. raised its position in NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after purchasing an additional 3,607 shares during the period. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NIO has been the topic of a number of research reports. JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $7.00 to $4.70 in a research report on Tuesday. Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group lowered 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 research report on Monday, November 25th. Macquarie lowered 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 research report on Wednesday, November 20th. Finally, HSBC lowered shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.38.

NIO Price Performance

Shares of NIO opened at $4.39 on Wednesday. The company has a market cap of $9.15 billion, a price-to-earnings ratio of -2.90 and a beta of 1.69. Nio Inc – has a twelve month low of $3.61 and a twelve month high of $7.71. 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 company has a 50 day moving average of $4.43 and a two-hundred day moving average of $4.76.

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.