Vontobel Holding Ltd. Reduces Position in NIO Inc. $NIO

Vontobel Holding Ltd. trimmed its position in NIO Inc. (NYSE:NIO) by 88.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,146 shares of the company’s stock after selling 970,252 shares during the quarter. Vontobel Holding Ltd.’s holdings in NIO were worth $946,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in NIO by 3,966.7% in the first 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 buying an additional 5,185,565 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of NIO in the 2nd quarter valued at about $12,315,000. Invesco Ltd. raised its position in shares of NIO by 22.7% during the 2nd quarter. Invesco Ltd. now owns 2,738,308 shares of the company’s stock worth $9,392,000 after acquiring an additional 506,618 shares in the last quarter. American Century Companies Inc. lifted its stake in NIO by 37.4% during the second quarter. American Century Companies Inc. now owns 965,409 shares of the company’s stock worth $3,311,000 after purchasing an additional 262,637 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in NIO by 16.0% in the second quarter. CANADA LIFE ASSURANCE Co now owns 936,736 shares of the company’s stock valued at $3,220,000 after purchasing an additional 129,236 shares in the last quarter. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Trading Up 4.2%

Shares of NIO stock opened at $5.12 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.83 and a current ratio of 0.94. The company has a market capitalization of $10.68 billion, a P/E ratio of -3.53 and a beta of 1.04. NIO Inc. has a 1 year low of $3.02 and a 1 year high of $8.02. The company’s fifty day moving average is $5.89 and its two-hundred day moving average is $5.54.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. UBS Group cut shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Macquarie set a $5.30 price target on shares of NIO in a research note on Tuesday, November 25th. Mizuho boosted their price target on shares of NIO from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Barclays raised their price objective on NIO from $3.00 to $4.00 and gave the stock an “underweight” rating in a report on Friday, November 28th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $7.00 target price on shares of NIO in a report on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.73.

NIO Profile

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.