SG Americas Securities LLC Buys 1,423,350 Shares of NIO Inc. $NIO

SG Americas Securities LLC lifted its stake in shares of NIO Inc. (NYSE:NIO) by 89.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,006,407 shares of the company’s stock after buying an additional 1,423,350 shares during the period. SG Americas Securities LLC’s holdings in NIO were worth $15,333,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of NIO by 3,966.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company’s stock valued at $20,255,000 after acquiring an additional 5,185,565 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in NIO by 56.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 28,299 shares of the company’s stock worth $97,000 after purchasing an additional 10,210 shares in the last quarter. Franklin Resources Inc. increased its holdings in NIO by 50.9% in the 2nd quarter. Franklin Resources Inc. now owns 17,707 shares of the company’s stock worth $61,000 after purchasing an additional 5,974 shares in the last quarter. American Century Companies Inc. raised its position in NIO by 37.4% in the second quarter. American Century Companies Inc. now owns 965,409 shares of the company’s stock valued at $3,311,000 after purchasing an additional 262,637 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in NIO by 19.7% in the second quarter. Quadrant Capital Group LLC now owns 32,825 shares of the company’s stock valued at $113,000 after purchasing an additional 5,391 shares during the last quarter. 48.55% of the stock is currently owned by institutional investors.

NIO Stock Down 4.4%

Shares of NIO opened at $5.32 on Friday. The stock’s 50-day moving average price is $5.08 and its two-hundred day moving average price is $5.74. NIO Inc. has a 12 month low of $3.02 and a 12 month high of $8.02. The company has a market capitalization of $12.21 billion, a PE ratio of -5.48 and a beta of 1.11. The company has a current ratio of 0.98, a quick ratio of 0.87 and a debt-to-equity ratio of 2.08.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Macquarie Infrastructure upgraded NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price target on the stock in a report on Thursday, January 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NIO in a report on Monday, December 29th. HSBC upgraded shares of NIO from a “hold” rating to a “buy” rating and lifted their target price for the stock from $4.80 to $6.80 in a research report on Friday, March 13th. Nomura raised shares of NIO from a “neutral” rating to a “buy” rating and set a $6.60 target price on the stock in a report on Wednesday, March 11th. Finally, Dbs Bank upgraded shares of NIO from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 16th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.80.

About NIO

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.