SBI Securities Co. Ltd. Invests $1.36 Million in Nio Inc - (NYSE:NIO)

SBI Securities Co. Ltd. purchased a new position in shares of Nio Inc - (NYSE:NIO - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 311,989 shares of the company's stock, valued at approximately $1,360,000.

Other large investors also recently made changes to their positions in the company. FMR LLC lifted its holdings in NIO by 5,388.5% during the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company's stock worth $36,038,000 after buying an additional 5,296,601 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of NIO during the third quarter valued at $4,879,000. SG Americas Securities LLC boosted its holdings in NIO by 104.8% in the fourth quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company's stock valued at $5,018,000 after acquiring an additional 589,082 shares during the last quarter. Quadrature Capital Ltd increased its position in NIO by 32.3% in the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company's stock worth $14,756,000 after purchasing an additional 538,907 shares during the period. Finally, XY Capital Ltd bought a new stake in NIO during the 4th quarter worth about $1,544,000. Institutional investors own 48.55% of the company's stock.

NIO Stock Down 2.4 %

NIO stock traded down $0.11 during mid-day trading on Thursday, reaching $4.25. The company's stock had a trading volume of 43,984,891 shares, compared to its average volume of 54,329,788. The business's 50 day simple moving average is $4.34 and its 200 day simple moving average is $4.80. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Nio Inc - has a 12 month low of $3.61 and a 12 month high of $7.71. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of -2.81 and a beta of 1.81.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NIO. JPMorgan Chase & Co. lowered shares of NIO from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. The Goldman Sachs Group lowered shares of NIO from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $4.80 to $3.90 in a report on Monday, November 25th. Hsbc Global Res cut shares of NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. HSBC lowered NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, Macquarie downgraded NIO from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, NIO has an average rating of "Hold" and a consensus target price of $5.38.

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.