International Assets Investment Management LLC Sells 299,653 Shares of Nio Inc - (NYSE:NIO)

International Assets Investment Management LLC cut its holdings in shares of Nio Inc - (NYSE:NIO - Free Report) by 76.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NIO. Ballentine Partners LLC boosted its holdings in NIO by 11.5% during the 3rd 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. lifted its position in shares of NIO by 15.5% during the third quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company's stock valued at $129,000 after purchasing an additional 2,588 shares in the last quarter. Greenwich Wealth Management LLC boosted its holdings in NIO by 12.9% during the second quarter. Greenwich Wealth Management LLC now owns 29,027 shares of the company's stock worth $121,000 after purchasing an additional 3,315 shares during the last quarter. Commonwealth Equity Services LLC grew its position in NIO by 1.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 208,152 shares of the company's stock worth $866,000 after purchasing an additional 3,539 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in NIO by 0.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,303,549 shares of the company's stock valued at $5,742,000 after buying an additional 3,548 shares during the last quarter. Institutional investors and hedge funds own 48.55% of the company's stock.

NIO Stock Performance

Shares of NYSE NIO traded down $0.15 during midday trading on Friday, hitting $4.17. The company's stock had a trading volume of 41,560,463 shares, compared to its average volume of 50,832,297. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of -2.76 and a beta of 1.70. 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 fifty day moving average price of $4.62 and a 200 day moving average price of $4.80. Nio Inc - has a one year low of $3.61 and a one year high of $7.71.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NIO shares. Macquarie downgraded NIO from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $6.60 to $4.80 in a research note on Wednesday, November 20th. The Goldman Sachs Group cut NIO from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $4.80 to $3.90 in a research report on Monday, November 25th. Hsbc Global Res lowered NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. HSBC downgraded shares of NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, Daiwa America upgraded shares of NIO to a "strong-buy" rating in a report on Monday, September 30th. 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 stock. Based on data from MarketBeat.com, the stock presently 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.