123,270 Shares in Nio Inc – (NYSE:NIO) Purchased by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC purchased a new position in shares of Nio Inc – (NYSE:NIO) in the fourth quarter, HoldingsChannel reports. The fund purchased 123,270 shares of the company’s stock, valued at approximately $537,000.

Several other hedge funds also recently made changes to their positions in NIO. International Assets Investment Management LLC lifted its position in NIO by 580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 392,343 shares of the company’s stock worth $2,621,000 after buying an additional 334,723 shares in the last quarter. Toronto Dominion Bank increased its holdings in NIO by 1,652,962.5% during the third quarter. Toronto Dominion Bank now owns 132,245 shares of the company’s stock worth $883,000 after buying an additional 132,237 shares during the last quarter. FMR LLC lifted its stake in NIO by 5,388.5% in the third quarter. FMR LLC now owns 5,394,895 shares of the company’s stock valued at $36,038,000 after acquiring an additional 5,296,601 shares during the last quarter. Main Management ETF Advisors LLC bought a new stake in shares of NIO in the 3rd quarter valued at about $1,327,000. Finally, Signaturefd LLC raised its holdings in shares of NIO by 16.9% in the 3rd quarter. Signaturefd LLC now owns 48,604 shares of the company’s stock valued at $325,000 after purchasing an additional 7,014 shares during the period. 48.55% of the stock is owned by institutional investors.

NIO Stock Up 0.8 %

Shares of NYSE:NIO opened at $4.24 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The firm has a 50 day moving average of $4.42 and a 200-day moving average of $4.75. Nio Inc – has a 12 month low of $3.61 and a 12 month high of $7.71.

Analysts Set New Price Targets

A number of research firms recently weighed in on NIO. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $7.00 to $4.70 in a report on Tuesday, February 4th. The Goldman Sachs Group cut NIO from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $4.80 to $3.90 in a report on Monday, November 25th. Macquarie lowered 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 downgraded NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.38.

About NIO

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.