United Capital Financial Advisers LLC purchased a new position in shares of Nio Inc – (NYSE:NIO – Get Rating) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,112 shares of the company’s stock, valued at approximately $207,000.
A number of other large investors have also made changes to their positions in NIO. Vanguard Group Inc. grew its position in NIO by 4.9% during the first quarter. Vanguard Group Inc. now owns 49,061,112 shares of the company’s stock worth $1,032,737,000 after buying an additional 2,271,730 shares during the period. Renaissance Technologies LLC grew its holdings in shares of NIO by 229.0% in the 2nd quarter. Renaissance Technologies LLC now owns 17,768,900 shares of the company’s stock worth $385,941,000 after acquiring an additional 12,367,300 shares during the period. Legal & General Group Plc increased its stake in NIO by 3.5% in the 2nd quarter. Legal & General Group Plc now owns 11,120,016 shares of the company’s stock valued at $241,527,000 after purchasing an additional 371,972 shares in the last quarter. Aspex Management HK Ltd raised its holdings in NIO by 145.9% during the third quarter. Aspex Management HK Ltd now owns 10,113,800 shares of the company’s stock worth $159,495,000 after purchasing an additional 6,000,000 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in NIO by 20.8% during the first quarter. First Trust Advisors LP now owns 8,128,289 shares of the company’s stock worth $171,100,000 after purchasing an additional 1,399,601 shares in the last quarter. Hedge funds and other institutional investors own 30.06% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on NIO. Deutsche Bank Aktiengesellschaft raised their price target on NIO from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, November 21st. China Renaissance dropped their price objective on shares of NIO from $12.30 to $10.40 and set a “hold” rating for the company in a research note on Thursday, December 29th. UBS Group cut NIO from a “buy” rating to a “neutral” rating and lowered their target price for the company from $32.00 to $13.00 in a report on Thursday, November 17th. Bank of America cut their price target on NIO from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, November 11th. Finally, Mizuho decreased their price objective on NIO from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, March 2nd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.94.
NIO Trading Up 2.3 %
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.
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