Nio Inc – (NYSE:NIO) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC raised its stake in shares of Nio Inc – (NYSE:NIO) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 280,140 shares of the company’s stock after purchasing an additional 6,545 shares during the quarter. Tidal Investments LLC’s holdings in NIO were worth $1,871,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NIO. Allspring Global Investments Holdings LLC acquired a new stake in shares of NIO during the 3rd quarter worth $32,000. Ridgewood Investments LLC purchased a new stake in NIO during the second quarter valued at about $25,000. First Trust Direct Indexing L.P. acquired a new stake in NIO during the third quarter worth about $76,000. Apollon Wealth Management LLC purchased a new position in shares of NIO in the 3rd quarter worth about $78,000. Finally, Sivia Capital Partners LLC acquired a new position in shares of NIO in the 3rd quarter valued at about $92,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Analyst Ratings Changes

NIO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $5.30 to $8.00 in a research report on Friday, September 6th. The Goldman Sachs Group downgraded shares of NIO from a “neutral” rating to a “sell” rating and cut their target price for the company from $4.80 to $3.90 in a research note on Monday, November 25th. Macquarie lowered shares of NIO from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. Bank of America increased their price target on NIO from $5.00 to $5.30 and gave the company a “neutral” rating in a report on Thursday, September 5th. Finally, Daiwa America upgraded NIO to a “strong-buy” rating in a research note on Monday, September 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.71.

NIO Trading Down 1.8 %

Shares of NIO opened at $4.43 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Nio Inc – has a one year low of $3.61 and a one year high of $9.57. The stock has a 50-day moving average price of $5.02 and a 200 day moving average price of $4.83. The company has a market capitalization of $7.62 billion, a P/E ratio of -2.93 and a beta of 1.77.

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.