Jones Financial Companies Lllp Grows Stake in Nio Inc – (NYSE:NIO)

Jones Financial Companies Lllp boosted its position in Nio Inc – (NYSE:NIO) by 131.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,619 shares of the company’s stock after buying an additional 4,332 shares during the period. Jones Financial Companies Lllp’s holdings in NIO were worth $33,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. US Bancorp DE increased its stake in NIO by 10.6% in the 4th quarter. US Bancorp DE now owns 97,406 shares of the company’s stock valued at $425,000 after purchasing an additional 9,298 shares in the last quarter. Delap Wealth Advisory LLC purchased a new position in NIO in the 4th quarter valued at approximately $149,000. Handelsbanken Fonder AB increased its position in NIO by 27.7% during the fourth quarter. Handelsbanken Fonder AB now owns 726,014 shares of the company’s stock worth $3,165,000 after buying an additional 157,333 shares in the last quarter. ABC Arbitrage SA purchased a new position in NIO during the fourth quarter worth $55,000. Finally, Compagnie Lombard Odier SCmA increased its position in NIO by 57.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 24,104 shares of the company’s stock worth $105,000 after buying an additional 8,750 shares in the last quarter. 48.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NIO. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded NIO from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Macquarie downgraded 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. Finally, HSBC downgraded NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have issued 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, the stock presently has a consensus rating of “Hold” and an average target price of $5.03.

NIO Price Performance

NIO stock opened at $5.17 on Thursday. Nio Inc – has a 52-week low of $3.61 and a 52-week high of $7.71. The stock’s fifty day simple moving average is $4.41 and its 200-day simple moving average is $4.86. 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 stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of -3.42 and a beta of 1.81.

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.