Artal Group S.A. acquired a new stake in Nio Inc – (NYSE:NIO) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,500,000 shares of the company’s stock, valued at approximately $10,470,000. Artal Group S.A. owned about 0.15% of NIO at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Nwam LLC acquired a new position in NIO in the 3rd quarter valued at about $230,000. Wells Fargo & Company MN acquired a new position in NIO in the 3rd quarter valued at about $219,000. Strategic Wealth Advisors Group LLC acquired a new position in NIO in the 3rd quarter valued at about $228,000. MML Investors Services LLC acquired a new position in NIO in the 3rd quarter valued at about $266,000. Finally, National Asset Management Inc. acquired a new position in NIO in the 3rd quarter valued at about $105,000. 9.56% of the stock is owned by institutional investors and hedge funds.

NYSE NIO opened at $7.67 on Wednesday. The company has a current ratio of 2.56, a quick ratio of 2.28 and a debt-to-equity ratio of 0.12. Nio Inc – has a 12-month low of $5.35 and a 12-month high of $13.80.

NIO has been the topic of several recent research reports. Credit Suisse Group initiated coverage on NIO in a research report on Monday, October 22nd. They issued an “outperform” rating and a $12.60 price target on the stock. Wolfe Research initiated coverage on NIO in a research report on Monday, October 8th. They issued an “outperform” rating and a $8.00 price target on the stock. Sanford C. Bernstein initiated coverage on NIO in a research report on Thursday, September 13th. They issued an “underperform” rating and a $4.20 price target on the stock. Deutsche Bank initiated coverage on NIO in a research report on Monday, October 8th. They issued a “buy” rating and a $10.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on NIO in a research report on Tuesday, October 9th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. NIO has a consensus rating of “Hold” and a consensus target price of $8.47.

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NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China, the United States, Germany, and the United Kingdom. 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.

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Institutional Ownership by Quarter for NIO (NYSE:NIO)

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