30,000 Shares in Nio Inc – (NYSE:NIO) Acquired by Viewpoint Capital Management LLC

Viewpoint Capital Management LLC acquired a new stake in Nio Inc – (NYSE:NIO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 30,000 shares of the company’s stock, valued at approximately $131,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ballentine Partners LLC lifted its stake in NIO by 11.5% during the 3rd quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock worth $160,000 after acquiring an additional 2,482 shares in the last quarter. Atomi Financial Group Inc. increased its stake in shares of NIO by 15.5% during the third quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after buying an additional 2,588 shares during the period. Perigon Wealth Management LLC lifted its stake in NIO by 24.1% in the fourth quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock worth $61,000 after acquiring an additional 2,867 shares during the last quarter. BSW Wealth Partners increased its position in shares of NIO by 21.4% in the 4th quarter. BSW Wealth Partners now owns 20,423 shares of the company’s stock valued at $89,000 after purchasing an additional 3,606 shares during the last quarter. Finally, 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 worth $27,000 after purchasing an additional 3,607 shares in the last quarter. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Stock Performance

NYSE:NIO opened at $4.04 on Wednesday. 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 stock has a fifty day simple moving average of $4.40 and a 200-day simple moving average of $4.75. Nio Inc – has a 52-week low of $3.61 and a 52-week high of $7.71.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NIO. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a report 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. JPMorgan Chase & Co. downgraded shares of NIO from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. Macquarie downgraded NIO from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group lowered shares of NIO from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $4.80 to $3.90 in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.