Callan Family Office LLC Invests $44,000 in Nio Inc – (NYSE:NIO)

Callan Family Office LLC bought a new position in Nio Inc – (NYSE:NIO) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,069 shares of the company’s stock, valued at approximately $44,000.

Several other large investors have also recently made changes to their positions in NIO. FMR LLC increased its holdings in shares of NIO by 5,388.5% in the third quarter. FMR LLC now owns 5,394,895 shares of the company’s stock worth $36,038,000 after purchasing an additional 5,296,601 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of NIO in the third quarter worth about $4,879,000. SG Americas Securities LLC increased its stake in NIO by 104.8% during the fourth quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock worth $5,018,000 after acquiring an additional 589,082 shares during the last quarter. Quadrature Capital Ltd increased its stake in NIO by 32.3% during the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock worth $14,756,000 after acquiring an additional 538,907 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in NIO during the fourth quarter worth approximately $1,776,000. 48.55% of the stock is owned by institutional investors.

NIO Stock Up 17.2 %

Shares of NYSE NIO opened at $5.23 on Wednesday. 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 firm has a market capitalization of $10.91 billion, a price-to-earnings ratio of -3.46 and a beta of 1.81. The stock has a 50 day moving average price of $4.34 and a 200 day moving average price of $4.81. Nio Inc – has a 52-week low of $3.61 and a 52-week high of $7.71.

Wall Street Analysts Forecast Growth

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