BSW Wealth Partners Buys 3,606 Shares of Nio Inc – (NYSE:NIO)

BSW Wealth Partners raised its stake in shares of Nio Inc – (NYSE:NIO) by 21.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,423 shares of the company’s stock after acquiring an additional 3,606 shares during the quarter. BSW Wealth Partners’ holdings in NIO were worth $89,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. increased its stake in NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after acquiring an additional 3,607 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of NIO during the 3rd quarter worth approximately $32,000. Perigon Wealth Management LLC increased its position in shares of NIO by 24.1% during the fourth quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock valued at $61,000 after purchasing an additional 2,867 shares during the period. First Trust Direct Indexing L.P. acquired a new position in shares of NIO in the third quarter valued at $76,000. Finally, Apollon Wealth Management LLC bought a new position in NIO in the third quarter worth $78,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Price Performance

NIO stock opened at $4.44 on Friday. The business’s fifty day moving average is $4.45 and its two-hundred day moving average is $4.77. 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 cap of $7.36 billion, a P/E ratio of -2.94 and a beta of 1.70. Nio Inc – has a 52 week low of $3.61 and a 52 week high of $7.71.

Wall Street Analysts Forecast Growth

NIO has been the topic of several analyst reports. HSBC lowered shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Macquarie lowered shares of NIO from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $6.60 to $4.80 in a research report on Wednesday, November 20th. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $4.80 to $3.90 in a report on Monday, November 25th. Finally, Hsbc Global Res cut 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, nine have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.71.

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.