WMG Financial Advisors LLC Increases Position in Nio Inc – (NYSE:NIO)

WMG Financial Advisors LLC lifted its position in shares of Nio Inc – (NYSE:NIO) by 37.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 381,535 shares of the company’s stock after buying an additional 104,478 shares during the period. NIO accounts for approximately 0.7% of WMG Financial Advisors LLC’s portfolio, making the stock its 25th largest holding. WMG Financial Advisors LLC’s holdings in NIO were worth $1,663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its stake in NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after purchasing an additional 3,607 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in NIO during the third quarter worth approximately $32,000. Jones Financial Companies Lllp raised its stake in NIO by 131.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after purchasing an additional 4,332 shares during the period. Trilogy Capital Inc. purchased a new position in NIO during the fourth quarter worth approximately $45,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in NIO during the fourth quarter worth approximately $53,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NIO. Hsbc Global Res downgraded shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. downgraded shares of NIO from an “overweight” rating to a “neutral” rating and cut their target price for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Macquarie downgraded shares of NIO from an “outperform” rating to a “neutral” rating and cut their target price for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. HSBC downgraded shares of NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.38.

NIO Price Performance

NIO opened at $4.25 on Tuesday. The company has a fifty day simple moving average of $4.36 and a 200 day simple moving average of $4.80. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of -2.81 and a beta of 1.68. Nio Inc – has a twelve month low of $3.61 and a twelve month high of $7.71. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

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.