Sanders Morris Harris LLC Buys New Holdings in Nio Inc – (NYSE:NIO)

Sanders Morris Harris LLC acquired a new position in shares of Nio Inc – (NYSE:NIO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 60,200 shares of the company’s stock, valued at approximately $270,000.

Several other hedge funds have also recently bought and sold shares of the stock. Ballentine Partners LLC lifted its position in NIO by 11.5% during the third quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock worth $160,000 after acquiring an additional 2,482 shares during the last quarter. Atomi Financial Group Inc. raised its position in shares of NIO by 15.5% in the third quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock valued at $129,000 after buying an additional 2,588 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of NIO by 1.7% in the second quarter. Commonwealth Equity Services LLC now owns 208,152 shares of the company’s stock valued at $866,000 after buying an additional 3,539 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in NIO by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 1,303,549 shares of the company’s stock valued at $5,742,000 after acquiring an additional 3,548 shares during the last quarter. Finally, PFG Investments LLC increased its stake in NIO by 6.6% in the third quarter. PFG Investments LLC now owns 61,677 shares of the company’s stock valued at $412,000 after acquiring an additional 3,825 shares during the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group cut shares of NIO from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $4.80 to $3.90 in a research note on Monday, November 25th. Hsbc Global Res cut shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Daiwa America raised shares of NIO to a “strong-buy” rating in a research note on Monday, September 30th. Finally, Macquarie cut shares of NIO from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NIO presently has an average rating of “Hold” and a consensus price target of $5.71.

NIO Stock Performance

Shares of NYSE NIO traded up $0.04 during trading on Thursday, hitting $4.14. 3,426,440 shares of the company traded hands, compared to its average volume of 40,929,996. The business’s fifty day moving average is $4.55 and its 200 day moving average is $4.80. Nio Inc – has a fifty-two week low of $3.61 and a fifty-two week high of $7.71. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93.

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.