SG Americas Securities LLC Raises Stock Position in Nio Inc - (NYSE:NIO)

SG Americas Securities LLC boosted its holdings in shares of Nio Inc - (NYSE:NIO - Free Report) by 104.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,151,011 shares of the company's stock after purchasing an additional 589,082 shares during the quarter. SG Americas Securities LLC owned about 0.07% of NIO worth $5,018,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NIO. Allspring Global Investments Holdings LLC bought a new position in NIO in the 3rd quarter worth about $32,000. AE Wealth Management LLC purchased a new stake in NIO in the second quarter valued at about $75,000. First Trust Direct Indexing L.P. purchased a new position in shares of NIO in the third quarter worth $76,000. Apollon Wealth Management LLC purchased a new position in NIO in the 3rd quarter worth $78,000. Finally, Sivia Capital Partners LLC acquired a new stake in NIO during the 3rd quarter valued at approximately $92,000. 48.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Hsbc Global Res lowered NIO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Macquarie downgraded shares of NIO from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $6.60 to $4.80 in a research note on Wednesday, November 20th. HSBC cut shares of NIO from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th. Daiwa America upgraded NIO to a "strong-buy" rating in a research report on Monday, September 30th. Finally, The Goldman Sachs Group downgraded NIO from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $4.80 to $3.90 in a research report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $5.71.

NIO Stock Performance

Shares of NIO traded up $0.15 during midday trading on Friday, reaching $4.28. 40,296,559 shares of the stock were exchanged, compared to its average volume of 35,788,696. Nio Inc - has a twelve month low of $3.61 and a twelve month high of $7.71. The stock's 50 day simple moving average is $4.48 and its 200 day simple moving average is $4.78. The company has a market cap of $7.36 billion, a P/E ratio of -2.83 and a beta of 1.70. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.

NIO Company 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.