Profund Advisors LLC lifted its position in Nio Inc – (NYSE:NIO) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,682 shares of the company’s stock after buying an additional 17,923 shares during the quarter. Profund Advisors LLC’s holdings in NIO were worth $3,494,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of NIO. CIBC World Markets Inc. increased its stake in NIO by 27.2% in the 4th quarter. CIBC World Markets Inc. now owns 35,523 shares of the company’s stock worth $1,731,000 after acquiring an additional 7,607 shares during the last quarter. Vident Investment Advisory LLC increased its position in shares of NIO by 109.1% in the fourth quarter. Vident Investment Advisory LLC now owns 21,233 shares of the company’s stock worth $1,035,000 after purchasing an additional 11,080 shares during the last quarter. Mondrian Capital Management LLC purchased a new stake in NIO in the fourth quarter valued at approximately $1,219,000. Prudential PLC bought a new position in shares of NIO in the 4th quarter worth $3,927,000. Finally, PSI Advisors LLC bought a new position in NIO in the fourth quarter valued at $388,000.
Shares of NIO stock opened at $50.68 on Tuesday. The company has a quick ratio of 2.33, a current ratio of 2.42 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average price of $58.16 and a 200-day moving average price of $37.81. Nio Inc – has a 52 week low of $2.11 and a 52 week high of $66.99. The firm has a market capitalization of $64.98 billion, a PE ratio of -54.49 and a beta of 2.81.
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.
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