Nio Inc – (NYSE:NIO) Shares Acquired by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA raised its holdings in shares of Nio Inc – (NYSE:NIO) by 57.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,104 shares of the company’s stock after purchasing an additional 8,750 shares during the period. Compagnie Lombard Odier SCmA’s holdings in NIO were worth $105,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. increased its position in shares of NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after purchasing an additional 3,607 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of NIO during the third quarter worth $32,000. Trilogy Capital Inc. acquired a new position in shares of NIO during the fourth quarter worth $45,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of NIO during the fourth quarter worth $53,000. Finally, Telos Capital Management Inc. acquired a new position in shares of NIO during the fourth quarter worth $59,000. 48.55% of the stock is owned by institutional investors and hedge funds.

NIO Trading Up 4.1 %

NIO stock opened at $4.44 on Friday. The company’s 50-day simple moving average is $4.39 and its 200-day simple moving average is $4.75. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Nio Inc – has a 52-week low of $3.61 and a 52-week high of $7.71. The firm has a market cap of $9.26 billion, a P/E ratio of -2.94 and a beta of 1.68.

Analysts Set New Price Targets

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

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.