XY Capital Ltd Takes Position in Nio Inc - (NYSE:NIO)

XY Capital Ltd bought a new position in Nio Inc - (NYSE:NIO - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 354,077 shares of the company's stock, valued at approximately $1,544,000. NIO makes up approximately 0.7% of XY Capital Ltd's investment portfolio, making the stock its 12th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of NIO. Allspring Global Investments Holdings LLC purchased a new stake in shares of NIO during the 3rd quarter valued at $32,000. Blue Trust Inc. raised its position in shares of NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company's stock valued at $27,000 after buying an additional 3,607 shares in the last quarter. Trilogy Capital Inc. purchased a new stake in shares of NIO during the 4th quarter valued at $45,000. First Trust Direct Indexing L.P. bought a new position in shares of NIO during the 3rd quarter valued at $76,000. Finally, Apollon Wealth Management LLC bought a new position in shares of NIO during the 3rd quarter valued at $78,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on NIO shares. The Goldman Sachs Group lowered shares of NIO from a "neutral" rating to a "sell" rating and reduced their target price for the company from $4.80 to $3.90 in a report on Monday, November 25th. JPMorgan Chase & Co. lowered shares of NIO from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $7.00 to $4.70 in a report on Tuesday, February 4th. Macquarie lowered shares of NIO from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. Hsbc Global Res lowered shares of NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, HSBC lowered shares of NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NIO currently has a consensus rating of "Hold" and an average target price of $5.38.

NIO Trading Up 0.8 %

Shares of NIO traded up $0.04 during trading hours on Thursday, reaching $4.25. 27,376,297 shares of the company traded hands, compared to its average volume of 43,005,926. The company's fifty day moving average price is $4.40 and its two-hundred day moving average price is $4.75. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of -2.81 and a beta of 1.68. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Nio Inc - has a 12 month low of $3.61 and a 12 month 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.