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

First National Trust Co increased its position in shares of Nio Inc – (NYSE:NIOFree Report) 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.

Read Our Latest Analysis on NIO

NIO Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NIO (NYSE:NIO)

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