XY Capital Ltd Has $2.68 Million Stock Holdings in NIO Inc. $NIO

XY Capital Ltd raised its stake in NIO Inc. (NYSE:NIO) by 42.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 444,350 shares of the company’s stock after purchasing an additional 133,290 shares during the period. NIO accounts for 2.7% of XY Capital Ltd’s holdings, making the stock its 17th biggest holding. XY Capital Ltd’s holdings in NIO were worth $2,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp boosted its position in shares of NIO by 98.3% during the 4th quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock worth $30,000 after purchasing an additional 2,950 shares in the last quarter. Arax Advisory Partners increased its position in NIO by 81.6% in the 4th quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock valued at $40,000 after buying an additional 3,487 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in NIO during the 4th quarter worth approximately $41,000. Merkkuri Wealth Advisors LLC acquired a new position in NIO during the 1st quarter worth approximately $41,000. Finally, MV Capital Management Inc. acquired a new position in NIO during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on NIO shares. Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a research note on Friday, May 1st. The Goldman Sachs Group raised NIO from a “neutral” rating to a “buy” rating and set a $7.00 target price on the stock in a research report on Monday, July 13th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $6.00 target price on shares of NIO in a report on Friday, May 22nd. Finally, Bank of America restated a “neutral” rating and set a $6.80 price target on shares of NIO in a research note on Thursday, May 21st. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.70.

NIO Price Performance

NIO stock opened at $4.79 on Wednesday. The company has a market capitalization of $11.89 billion, a P/E ratio of -8.71 and a beta of 0.90. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.90 and a current ratio of 1.01. NIO Inc. has a 52-week low of $4.37 and a 52-week high of $8.02. The business has a 50-day simple moving average of $5.26 and a two-hundred day simple moving average of $5.37.

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.