WMG Financial Advisors LLC Has $1.66 Million Stake in Nio Inc - (NYSE:NIO)

WMG Financial Advisors LLC boosted its stake in shares of Nio Inc - (NYSE:NIO - Free Report) by 37.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 381,535 shares of the company's stock after purchasing an additional 104,478 shares during the period. NIO accounts for about 0.7% of WMG Financial Advisors LLC's investment portfolio, making the stock its 25th biggest holding. WMG Financial Advisors LLC's holdings in NIO were worth $1,663,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in NIO. FMR LLC raised its holdings in shares of NIO by 5,388.5% in the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company's stock valued at $36,038,000 after purchasing an additional 5,296,601 shares during the period. Quadrature Capital Ltd raised its stake in NIO by 32.3% in the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company's stock valued at $14,756,000 after buying an additional 538,907 shares during the period. SG Americas Securities LLC lifted its position in shares of 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 buying an additional 589,082 shares during the last quarter. Swedbank AB boosted its stake in shares of NIO by 0.8% during the 4th quarter. Swedbank AB now owns 1,068,110 shares of the company's stock worth $4,657,000 after acquiring an additional 9,000 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of NIO during the 3rd quarter worth approximately $4,879,000. Institutional investors and hedge funds own 48.55% of the company's stock.

NIO Price Performance

NYSE:NIO traded up $0.22 during trading hours on Friday, reaching $4.46. 45,804,257 shares of the company were exchanged, compared to its average volume of 54,204,067. The company has a market capitalization of $9.30 billion, a P/E ratio of -2.95 and a beta of 1.81. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. The business has a 50 day moving average of $4.33 and a 200 day moving average of $4.79. Nio Inc - has a 1-year low of $3.61 and a 1-year high of $7.71.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NIO shares. Macquarie downgraded NIO from an "outperform" rating to a "neutral" rating and cut their price target for the company from $6.60 to $4.80 in a report 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. The Goldman Sachs Group cut shares of NIO from a "neutral" rating to a "sell" rating and lowered their price target for the company from $4.80 to $3.90 in a report on Monday, November 25th. Hsbc Global Res cut NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered NIO from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, NIO presently has an average rating of "Hold" and a consensus price target of $5.32.

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.