Persistent Asset Partners Ltd Makes New Investment in NIO Inc. $NIO

Key Points

• Persistent Asset Partners bought 206,260 shares of NIO in Q3 (≈$1.57 million), representing about 1.1% of its portfolio and the stock's 24th-largest holding for the firm.
• Other institutions also added or initiated positions—most notably RWC Asset Advisors' new ≈$79.8 million stake and American Century's 37.4% increase—bringing institutional ownership to about 48.6%.
• Analysts are mixed but the MarketBeat consensus is a Hold with a $6.83 target; NIO shares trade near $4.92 (one-year range $3.02–$8.02) and the company has a negative P/E (-3.39).

Persistent Asset Partners Ltd acquired a new stake in shares of NIO Inc. (NYSE:NIO - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 206,260 shares of the company's stock, valued at approximately $1,572,000. NIO comprises approximately 1.1% of Persistent Asset Partners Ltd's holdings, making the stock its 24th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ABC Arbitrage SA bought a new position in NIO during the 3rd quarter valued at $1,857,000. American Century Companies Inc. raised its holdings in shares of NIO by 37.4% in the second quarter. American Century Companies Inc. now owns 965,409 shares of the company's stock valued at $3,311,000 after purchasing an additional 262,637 shares during the last quarter. RWC Asset Advisors US LLC bought a new position in shares of NIO during the third quarter valued at about $79,761,000. Y Intercept Hong Kong Ltd bought a new stake in NIO in the 3rd quarter worth about $3,812,000. Finally, Marex Group plc purchased a new stake in NIO in the 2nd quarter valued at about $916,000. 48.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on NIO. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $7.00 price target on shares of NIO in a research report on Thursday, October 30th. Barclays upped their price objective on NIO from $3.00 to $4.00 and gave the company an "underweight" rating in a research note on Friday, November 28th. UBS Group lowered NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, November 25th. Citigroup reduced their price target on shares of NIO from $8.60 to $6.90 and set a "buy" rating for the company in a research report on Wednesday, November 26th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of NIO in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $6.83.

NIO Price Performance

NIO stock opened at $4.92 on Friday. The firm has a market capitalization of $10.26 billion, a P/E ratio of -3.39 and a beta of 1.10. NIO Inc. has a one year low of $3.02 and a one year high of $8.02. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.94 and a quick ratio of 0.83. The business has a fifty day moving average price of $4.85 and a 200-day moving average price of $5.77.

NIO Profile

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO's vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company's product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.

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