Viewpoint Capital Management LLC Makes New $131,000 Investment in Nio Inc – (NYSE:NIO)

Viewpoint Capital Management LLC acquired a new stake in shares of Nio Inc – (NYSE:NIO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,000 shares of the company’s stock, valued at approximately $131,000.

A number of other large investors also recently bought and sold shares of NIO. Blue Trust Inc. increased its holdings in NIO by 138.5% in the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after purchasing an additional 3,607 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of NIO during the third quarter worth about $32,000. Trilogy Capital Inc. acquired a new position in NIO in the fourth quarter worth about $45,000. U.S. Capital Wealth Advisors LLC bought a new stake in NIO in the fourth quarter valued at about $53,000. Finally, Telos Capital Management Inc. acquired a new stake in NIO during the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Price Performance

NIO opened at $4.04 on Wednesday. The business has a fifty day simple moving average of $4.40 and a 200-day simple moving average of $4.75. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Nio Inc – has a fifty-two week low of $3.61 and a fifty-two week high of $7.71.

Wall Street Analysts Forecast Growth

NIO has been the subject of several research reports. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Macquarie cut NIO from an “outperform” rating to a “neutral” rating and cut their price target for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. Hsbc Global Res lowered NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NIO has a consensus rating of “Hold” and an average price target of $5.38.

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.