NIO Inc. $NIO Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its stake in shares of NIO Inc. (NYSE:NIO) by 88.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,146 shares of the company’s stock after selling 970,252 shares during the quarter. Vontobel Holding Ltd.’s holdings in NIO were worth $946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in NIO by 3,966.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company’s stock valued at $20,255,000 after buying an additional 5,185,565 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of NIO in the second quarter valued at about $12,315,000. Invesco Ltd. increased its stake in shares of NIO by 22.7% during the second quarter. Invesco Ltd. now owns 2,738,308 shares of the company’s stock worth $9,392,000 after acquiring an additional 506,618 shares during the period. American Century Companies Inc. increased its stake in shares of NIO by 37.4% during the second quarter. American Century Companies Inc. now owns 965,409 shares of the company’s stock worth $3,311,000 after acquiring an additional 262,637 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its holdings in NIO by 16.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 936,736 shares of the company’s stock worth $3,220,000 after purchasing an additional 129,236 shares in the last quarter. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Trading Up 4.2%

Shares of NIO opened at $5.12 on Friday. NIO Inc. has a 1-year low of $3.02 and a 1-year high of $8.02. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of -3.53 and a beta of 1.04. The firm has a 50 day simple moving average of $5.89 and a 200-day simple moving average of $5.54. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.94 and a quick ratio of 0.83.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NIO. Wall Street Zen upgraded NIO from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. UBS Group downgraded NIO from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $7.00 price target on shares of NIO in a research note on Thursday, October 30th. Macquarie set a $5.30 price target on shares of NIO in a report on Tuesday, November 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of NIO in a report on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.73.

About NIO

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.