International Assets Investment Management LLC Acquires 20,258 Shares of Nio Inc – (NYSE:NIO)

Posted by on Apr 15th, 2023

International Assets Investment Management LLC boosted its holdings in Nio Inc – (NYSE:NIO – Get Rating) by 160.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,906 shares of the company’s stock after acquiring an additional 20,258 shares during the quarter. International Assets Investment Management LLC’s holdings in NIO were worth $321,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UBS Oconnor LLC bought a new position in NIO in the 3rd quarter valued at approximately $2,881,000. Yousif Capital Management LLC lifted its holdings in shares of NIO by 15.0% during the 3rd quarter. Yousif Capital Management LLC now owns 50,824 shares of the company’s stock valued at $801,000 after buying an additional 6,645 shares during the period. EWG Elevate Inc. bought a new position in shares of NIO during the 4th quarter valued at $29,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of NIO by 12.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 120,960 shares of the company’s stock valued at $1,908,000 after buying an additional 13,000 shares during the period. Finally, Prospera Financial Services Inc lifted its holdings in shares of NIO by 15.0% during the 3rd quarter. Prospera Financial Services Inc now owns 43,361 shares of the company’s stock valued at $684,000 after buying an additional 5,660 shares during the period. 30.06% of the stock is owned by institutional investors.

NIO Trading Up 1.9 %

Shares of NIO stock opened at $9.27 on Friday. Nio Inc – has a 52-week low of $8.03 and a 52-week high of $24.43. The company has a current ratio of 1.29, a quick ratio of 1.11 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $9.47 and a two-hundred day simple moving average of $10.91.

Analyst Ratings Changes

Several research firms have recently weighed in on NIO. Barclays cut NIO from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $18.00 to $10.00 in a report on Thursday, March 2nd. Mizuho reduced their price objective on NIO from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 2nd. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $14.00 to $10.00 in a research note on Thursday, March 2nd. Morgan Stanley reduced their price objective on NIO from $16.10 to $12.00 in a research note on Monday, March 20th. Finally, China Renaissance reduced their price objective on NIO from $12.30 to $10.40 and set a “hold” rating for the company in a research note on Thursday, December 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.52.

NIO Company Profile

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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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Institutional Ownership by Quarter for NIO (NYSE:NIO)

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