Quintet Private Bank Europe S.A. Sells 4,419 Shares of Nio Inc – (NYSE:NIO)

Quintet Private Bank Europe S.A. lowered its holdings in Nio Inc – (NYSE:NIO) by 10.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 36,300 shares of the company’s stock after selling 4,419 shares during the period. Quintet Private Bank Europe S.A.’s holdings in NIO were worth $158,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new position in NIO in the 3rd quarter valued at $32,000. Private Advisor Group LLC grew its position in shares of NIO by 22.6% during the 3rd quarter. Private Advisor Group LLC now owns 84,032 shares of the company’s stock worth $561,000 after buying an additional 15,509 shares during the period. International Assets Investment Management LLC increased its stake in NIO by 580.9% in the third quarter. International Assets Investment Management LLC now owns 392,343 shares of the company’s stock valued at $2,621,000 after purchasing an additional 334,723 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of NIO by 8.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 68,187 shares of the company’s stock valued at $455,000 after buying an additional 5,094 shares in the last quarter. Finally, First Trust Direct Indexing L.P. bought a new stake in shares of NIO in the third quarter worth about $76,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

Analyst Upgrades and Downgrades

NIO has been the topic of a number of research reports. Macquarie lowered shares of NIO from an “outperform” rating to a “neutral” rating and cut their price target for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and cut their price target for the company from $4.80 to $3.90 in a report on Monday, November 25th. Finally, Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.38.

NIO Stock Performance

Shares of NYSE NIO opened at $4.63 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The stock has a 50 day moving average price of $4.36 and a 200 day moving average price of $4.80. The stock has a market capitalization of $9.65 billion, a PE ratio of -3.06 and a beta of 1.68. Nio Inc – has a 52 week low of $3.61 and a 52 week high of $7.71.

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.