Nio Inc - (NYSE:NIO) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its stake in shares of Nio Inc - (NYSE:NIO - Free Report) by 76.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,690 shares of the company's stock after selling 299,653 shares during the period. International Assets Investment Management LLC's holdings in NIO were worth $422,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NIO. Point72 Asset Management L.P. raised its holdings in NIO by 164.3% in the second quarter. Point72 Asset Management L.P. now owns 6,464,246 shares of the company's stock valued at $26,891,000 after buying an additional 4,018,659 shares during the period. FMR LLC increased its position in shares of NIO by 5,388.5% in the third quarter. FMR LLC now owns 5,394,895 shares of the company's stock worth $36,038,000 after acquiring an additional 5,296,601 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of NIO by 32.3% in the 3rd quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company's stock valued at $14,756,000 after acquiring an additional 538,907 shares during the period. Krane Funds Advisors LLC lifted its holdings in shares of NIO by 31.7% during the 2nd quarter. Krane Funds Advisors LLC now owns 1,538,781 shares of the company's stock valued at $6,401,000 after acquiring an additional 370,556 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in NIO by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,303,549 shares of the company's stock worth $5,742,000 after purchasing an additional 3,548 shares during the period. 48.55% of the stock is owned by institutional investors and hedge funds.

NIO Stock Down 3.5 %

Shares of NIO stock traded down $0.15 during trading on Friday, reaching $4.17. The company had a trading volume of 41,560,463 shares, compared to its average volume of 50,832,297. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. Nio Inc - has a fifty-two week low of $3.61 and a fifty-two week high of $7.71. The firm's fifty day moving average is $4.62 and its 200-day moving average is $4.80. The company has a market cap of $7.17 billion, a price-to-earnings ratio of -2.76 and a beta of 1.70.

Analyst Upgrades and Downgrades

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

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.