Nio Inc – (NYSE:NIO) Shares Purchased by First National Trust Co

First National Trust Co increased its position in shares of Nio Inc – (NYSE:NIO) by 15.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,178 shares of the company’s stock after purchasing an additional 12,500 shares during the quarter. First National Trust Co’s holdings in NIO were worth $415,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in NIO by 138.5% in 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. Jones Financial Companies Lllp lifted its holdings in NIO by 131.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after acquiring an additional 4,332 shares during the period. Callan Family Office LLC acquired a new position in NIO in the fourth quarter valued at approximately $44,000. Trilogy Capital Inc. acquired a new position in NIO in the fourth quarter valued at approximately $45,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in NIO in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Stock Up 3.3 %

Shares of NYSE:NIO opened at $4.89 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The business has a fifty day moving average of $4.38 and a two-hundred day moving average of $4.83. The stock has a market cap of $10.20 billion, a P/E ratio of -3.24 and a beta of 1.81. Nio Inc – has a 52-week low of $3.61 and a 52-week high of $7.71.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NIO shares. Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. The Goldman Sachs Group cut NIO from a “neutral” rating to a “sell” rating and cut their price objective for the company from $4.80 to $3.90 in a research report on Monday, November 25th. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Finally, Macquarie cut NIO from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $6.60 to $4.80 in a research report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned 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 an average rating of “Hold” and an average target price of $5.03.

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.