Tempus Wealth Planning LLC Buys Shares of 39,767 Nio Inc – (NYSE:NIO)

Tempus Wealth Planning LLC bought a new stake in Nio Inc – (NYSE:NIO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 39,767 shares of the company’s stock, valued at approximately $173,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ballentine Partners LLC raised its holdings in shares of NIO by 11.5% in the third quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock worth $160,000 after buying an additional 2,482 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in shares of NIO by 15.5% in the third quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after buying an additional 2,588 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in shares of NIO by 24.1% in the fourth quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock worth $61,000 after buying an additional 2,867 shares during the last quarter. BSW Wealth Partners raised its holdings in shares of NIO by 21.4% in the fourth quarter. BSW Wealth Partners now owns 20,423 shares of the company’s stock worth $89,000 after buying an additional 3,606 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after buying an additional 3,607 shares during the last quarter. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Wall Street Analyst Weigh In

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

NIO Stock Up 2.5 %

Shares of NIO opened at $4.39 on Wednesday. The firm has a market cap of $9.15 billion, a P/E ratio of -2.90 and a beta of 1.69. The stock’s 50 day moving average is $4.43 and its two-hundred day moving average is $4.76. Nio Inc – has a 12 month low of $3.61 and a 12 month high of $7.71. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98.

NIO Company 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.