Barclays PLC Lowers Position in Nio Inc - (NYSE:NIO)

Barclays PLC cut its holdings in Nio Inc - (NYSE:NIO - Free Report) by 42.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 884,425 shares of the company's stock after selling 658,389 shares during the period. Barclays PLC owned about 0.05% of NIO worth $5,907,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NIO. Ballentine Partners LLC increased its stake in NIO by 11.5% in the 3rd quarter. Ballentine Partners LLC now owns 24,020 shares of the company's stock valued at $160,000 after buying an additional 2,482 shares during the last quarter. Atomi Financial Group Inc. increased 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 acquiring an additional 2,588 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in NIO by 4.8% during the second quarter. Assenagon Asset Management S.A. now owns 63,093 shares of the company's stock worth $262,000 after acquiring an additional 2,915 shares in the last quarter. Greenwich Wealth Management LLC boosted its position in NIO by 12.9% during the second quarter. Greenwich Wealth Management LLC now owns 29,027 shares of the company's stock valued at $121,000 after purchasing an additional 3,315 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in NIO by 1.7% during the second quarter. Commonwealth Equity Services LLC now owns 208,152 shares of the company's stock valued at $866,000 after purchasing an additional 3,539 shares during the last quarter. Institutional investors own 48.55% of the company's stock.

NIO Stock Up 3.2 %

NIO traded up $0.14 during trading on Friday, hitting $4.54. 35,851,832 shares of the company's stock were exchanged, compared to its average volume of 56,585,055. Nio Inc - has a fifty-two week low of $3.61 and a fifty-two week high of $9.57. The stock has a market cap of $7.80 billion, a P/E ratio of -3.01 and a beta of 1.77. The business's 50 day moving average is $4.87 and its two-hundred day moving average is $4.81. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.

Analyst Ratings Changes

NIO has been the topic of a number of recent analyst reports. Bank of America boosted their target price on shares of NIO from $5.00 to $5.30 and gave the stock a "neutral" rating in a report on Thursday, September 5th. JPMorgan Chase & Co. raised shares of NIO from a "neutral" rating to an "overweight" rating and upped their target price for the company from $5.30 to $8.00 in a report on Friday, September 6th. Wolfe Research started coverage on NIO in a report on Thursday, September 5th. They set a "peer perform" rating for the company. Macquarie lowered NIO from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. Finally, Citigroup reduced their target price on NIO from $8.50 to $7.00 and set a "buy" rating for the company in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $5.71.

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.