Handelsbanken Fonder AB Boosts Holdings in Nio Inc – (NYSE:NIO)

Handelsbanken Fonder AB lifted its stake in shares of Nio Inc – (NYSE:NIO) by 27.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 726,014 shares of the company’s stock after purchasing an additional 157,333 shares during the period. Handelsbanken Fonder AB’s holdings in NIO were worth $3,165,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. FMR LLC boosted its holdings in NIO by 5,388.5% in the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company’s stock worth $36,038,000 after buying an additional 5,296,601 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of NIO in the third quarter worth approximately $4,879,000. SG Americas Securities LLC boosted its stake in shares of NIO by 104.8% in the fourth quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock worth $5,018,000 after acquiring an additional 589,082 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of NIO by 32.3% during the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock worth $14,756,000 after purchasing an additional 538,907 shares in the last quarter. Finally, XY Capital Ltd purchased a new position in NIO in the 4th quarter valued at $1,544,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NIO. HSBC lowered shares of NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Macquarie cut shares of NIO from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and dropped their price target for the company from $4.80 to $3.90 in a research report on Monday, November 25th. Finally, Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, NIO presently has a consensus rating of “Hold” and a consensus price target of $5.38.

NIO Price Performance

NYSE:NIO opened at $4.37 on Tuesday. Nio Inc – has a 52 week low of $3.61 and a 52 week high of $7.71. The stock’s fifty day moving average is $4.35 and its two-hundred day moving average is $4.77. The company has a market capitalization of $9.11 billion, a P/E ratio of -2.89 and a beta of 1.69. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.

About NIO

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.