Generali Investments CEE investicni spolecnost a.s. Makes New $67,000 Investment in Nio Inc – (NYSE:NIO)

Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Nio Inc – (NYSE:NIO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,400 shares of the company’s stock, valued at approximately $67,000.

Other hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank increased its stake in shares of NIO by 1,652,962.5% in the third quarter. Toronto Dominion Bank now owns 132,245 shares of the company’s stock valued at $883,000 after buying an additional 132,237 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of NIO in the fourth quarter valued at $1,360,000. AlphaStar Capital Management LLC acquired a new stake in shares of NIO in the fourth quarter valued at $537,000. FMR LLC increased its stake in shares of NIO by 5,388.5% in the third quarter. FMR LLC now owns 5,394,895 shares of the company’s stock valued at $36,038,000 after buying an additional 5,296,601 shares in the last quarter. Finally, Main Management ETF Advisors LLC acquired a new stake in shares of NIO in the third quarter valued at $1,327,000. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Price Performance

Shares of NIO opened at $4.46 on Monday. 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 Inc – has a 1 year low of $3.61 and a 1 year high of $7.71. The stock has a market cap of $9.30 billion, a P/E ratio of -2.95 and a beta of 1.81. The stock’s 50-day moving average price is $4.33 and its two-hundred day moving average price is $4.81.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NIO. HSBC lowered NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Macquarie cut NIO from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group cut NIO from a “neutral” rating to a “sell” rating and decreased their price target for the company from $4.80 to $3.90 in a report on Monday, November 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NIO has a consensus rating of “Hold” and a consensus target price of $5.30.

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.