18,570 Shares in Nio Inc – (NYSE:NIO) Acquired by DGS Capital Management LLC

DGS Capital Management LLC bought a new stake in Nio Inc – (NYSE:NIO) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 18,570 shares of the company’s stock, valued at approximately $81,000.

Several other large investors also recently added to or reduced their stakes in NIO. Allspring Global Investments Holdings LLC acquired a new position in shares of NIO during the third quarter worth approximately $32,000. AE Wealth Management LLC bought a new stake in NIO in the 2nd quarter valued at $75,000. First Trust Direct Indexing L.P. acquired a new stake in NIO in the 3rd quarter worth $76,000. Apollon Wealth Management LLC bought a new position in shares of NIO during the 3rd quarter worth about $78,000. Finally, Sivia Capital Partners LLC acquired a new position in shares of NIO during the third quarter valued at about $92,000. 48.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

NIO Price Performance

NIO stock opened at $4.28 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. The stock has a market cap of $7.36 billion, a PE ratio of -2.83 and a beta of 1.70. The stock has a 50-day moving average price of $4.48 and a two-hundred day moving average price of $4.78. Nio Inc – has a 1 year low of $3.61 and a 1 year high of $7.71.

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.