BSW Wealth Partners Has $89,000 Stock Position in Nio Inc – (NYSE:NIO)

BSW Wealth Partners boosted its holdings in shares of Nio Inc – (NYSE:NIO) by 21.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,423 shares of the company’s stock after acquiring an additional 3,606 shares during the quarter. BSW Wealth Partners’ holdings in NIO were worth $89,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of NIO by 5,388.5% during the third quarter. FMR LLC now owns 5,394,895 shares of the company’s stock worth $36,038,000 after purchasing an additional 5,296,601 shares during the period. Quadrature Capital Ltd boosted its stake in shares of NIO by 32.3% during the 3rd 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 period. SG Americas Securities LLC grew its holdings in shares of NIO by 104.8% during the 4th quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock valued at $5,018,000 after acquiring an additional 589,082 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of NIO in the third quarter worth $4,879,000. Finally, Handelsbanken Fonder AB raised its holdings in shares of NIO by 6.9% during the third quarter. Handelsbanken Fonder AB now owns 568,681 shares of the company’s stock worth $3,799,000 after acquiring an additional 36,482 shares in the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Wall Street Analyst Weigh In

NIO has been the topic of a number of recent research reports. Macquarie downgraded NIO from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $4.80 to $3.90 in a report on Monday, November 25th. Hsbc Global Res cut shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, HSBC lowered shares of NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.71.

NIO Stock Performance

Shares of NIO opened at $4.44 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Nio Inc – has a one year low of $3.61 and a one year high of $7.71. The company’s fifty day moving average price is $4.45 and its 200 day moving average price is $4.77. The company has a market capitalization of $7.36 billion, a PE ratio of -2.94 and a beta of 1.70.

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.