45,610 Shares in Nio Inc – (NYSE:NIO) Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd bought a new position in Nio Inc – (NYSE:NIO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 45,610 shares of the company’s stock, valued at approximately $204,000.

A number of other large investors have also bought and sold shares of the company. PDS Planning Inc increased its position in NIO by 13.0% in the fourth quarter. PDS Planning Inc now owns 22,786 shares of the company’s stock worth $99,000 after buying an additional 2,627 shares during the last quarter. Corient Private Wealth LLC increased its position in NIO by 86.2% in the fourth quarter. Corient Private Wealth LLC now owns 33,689 shares of the company’s stock worth $147,000 after buying an additional 15,600 shares during the last quarter. First National Trust Co increased its position in NIO by 15.1% in the fourth quarter. First National Trust Co now owns 95,178 shares of the company’s stock worth $415,000 after buying an additional 12,500 shares during the last quarter. Avantax Advisory Services Inc. increased its position in NIO by 23.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 32,637 shares of the company’s stock worth $142,000 after buying an additional 6,239 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new stake in NIO in the fourth quarter worth $67,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

NIO Price Performance

NIO stock opened at $4.72 on Friday. Nio Inc – has a 52 week low of $3.61 and a 52 week high of $7.71. The business has a 50-day simple moving average of $4.42 and a 200 day simple moving average of $4.86. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of -3.12 and a beta of 1.81.

Analysts Set New Price Targets

NIO has been the subject of a number of recent research reports. Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. The Goldman Sachs Group cut NIO from a “neutral” rating to a “sell” rating and reduced their price target for the company from $4.80 to $3.90 in a research report on Monday, November 25th. Finally, HSBC cut NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.03.

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.