15,400 Shares in Nio Inc – (NYSE:NIO) Acquired by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. bought a new position in Nio Inc – (NYSE:NIO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,400 shares of the company’s stock, valued at approximately $67,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Callan Family Office LLC acquired a new stake in NIO in the 4th quarter worth approximately $44,000. Raymond James Financial Inc. acquired a new stake in NIO in the 4th quarter worth approximately $1,776,000. WMG Financial Advisors LLC lifted its holdings in NIO by 37.7% in the 4th quarter. WMG Financial Advisors LLC now owns 381,535 shares of the company’s stock worth $1,663,000 after purchasing an additional 104,478 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in NIO in the 4th quarter worth approximately $1,360,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of NIO by 131.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after buying an additional 4,332 shares during the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Stock Performance

Shares of NYSE NIO opened at $4.46 on Monday. The business has a fifty day simple moving average of $4.33 and a 200 day simple moving average of $4.81. 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 firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of -2.95 and a beta of 1.81. Nio Inc – has a one year low of $3.61 and a one year high of $7.71.

Analysts Set New Price Targets

NIO has been the subject of a number of research analyst reports. Macquarie lowered NIO from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. HSBC lowered NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. Hsbc Global Res lowered NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and cut their price target for the stock from $4.80 to $3.90 in a report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, NIO has an average rating of “Hold” and a consensus price target of $5.30.

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.