Commonwealth Equity Services LLC Decreases Stock Holdings in Nio Inc – (NYSE:NIO)

Posted by on Mar 10th, 2023

Commonwealth Equity Services LLC decreased its position in shares of Nio Inc – (NYSE:NIO – Get Rating) by 5.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 220,554 shares of the company’s stock after selling 11,510 shares during the period. Commonwealth Equity Services LLC’s holdings in NIO were worth $3,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of NIO. E Fund Management Hong Kong Co. Ltd. increased its position in NIO by 127.6% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 770,160 shares of the company’s stock valued at $15,172,000 after acquiring an additional 431,851 shares during the last quarter. US Bancorp DE increased its position in NIO by 19.9% during the first quarter. US Bancorp DE now owns 18,593 shares of the company’s stock valued at $392,000 after acquiring an additional 3,092 shares during the last quarter. Cibc World Market Inc. increased its position in NIO by 23.6% during the first quarter. Cibc World Market Inc. now owns 38,708 shares of the company’s stock valued at $815,000 after acquiring an additional 7,396 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of NIO by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,705,563 shares of the company’s stock worth $57,007,000 after purchasing an additional 48,720 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of NIO by 45.6% in the first quarter. Sei Investments Co. now owns 338,913 shares of the company’s stock worth $7,134,000 after purchasing an additional 106,140 shares during the last quarter. Institutional investors own 30.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Mizuho cut their price target on shares of NIO from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, March 2nd. Sanford C. Bernstein cut their price target on shares of NIO from $25.00 to $15.00 in a report on Thursday, November 10th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $11.27 price objective (down from $42.30) on shares of NIO in a research note on Monday, November 28th. Bank of America lowered their price objective on shares of NIO from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, November 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of NIO from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, November 21st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, NIO has a consensus rating of “Moderate Buy” and a consensus price target of $19.94.

NIO Stock Performance

Shares of NIO stock opened at $8.79 on Friday. The firm has a market capitalization of $14.67 billion, a P/E ratio of -6.76 and a beta of 1.93. The company has a quick ratio of 1.11, a current ratio of 1.29 and a debt-to-equity ratio of 0.45. The company has a 50 day moving average price of $10.61 and a 200 day moving average price of $12.75. Nio Inc – has a 52 week low of $8.31 and a 52 week high of $24.43.

NIO Profile

(Get Rating)

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.

Featured Stories

Institutional Ownership by Quarter for NIO (NYSE:NIO)

Receive News & Ratings for NIO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIO and related companies with MarketBeat.com's FREE daily email newsletter.