Credit Suisse AG raised its position in shares of Nio Inc - (NYSE:NIO - Get Rating) by 18.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,887,423 shares of the company's stock after purchasing an additional 595,955 shares during the period. Credit Suisse AG owned about 0.23% of NIO worth $38,038,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Captrust Financial Advisors raised its position in NIO by 4.7% during the 2nd quarter. Captrust Financial Advisors now owns 12,195 shares of the company's stock valued at $265,000 after purchasing an additional 546 shares in the last quarter. Wetherby Asset Management Inc. raised its position in NIO by 4.5% during the 1st quarter. Wetherby Asset Management Inc. now owns 16,714 shares of the company's stock valued at $352,000 after purchasing an additional 717 shares in the last quarter. First Heartland Consultants Inc. raised its position in NIO by 6.6% during the 4th quarter. First Heartland Consultants Inc. now owns 15,747 shares of the company's stock valued at $154,000 after purchasing an additional 972 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position in NIO by 10.4% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 10,592 shares of the company's stock valued at $103,000 after purchasing an additional 1,000 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of NIO by 64.4% in the 4th quarter. UMB Bank n.a. now owns 3,062 shares of the company's stock worth $30,000 after acquiring an additional 1,200 shares in the last quarter. 30.06% of the stock is owned by institutional investors.
NIO Stock Performance
NIO stock opened at $7.66 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.11 and a debt-to-equity ratio of 0.45. The business's 50-day simple moving average is $8.45 and its two-hundred day simple moving average is $9.86. Nio Inc - has a fifty-two week low of $7.00 and a fifty-two week high of $24.43.
Analyst Ratings Changes
Several research analysts have recently commented on NIO shares. Morgan Stanley reduced their price target on NIO from $16.10 to $12.00 in a research report on Monday, March 20th. Mizuho reduced their price target on NIO from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, March 2nd. JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $14.00 to $10.00 in a research report on Thursday, March 2nd. Finally, Barclays lowered NIO from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $18.00 to $10.00 in a research report on Thursday, March 2nd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $17.52.
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.
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