XY Capital Ltd Boosts Stock Holdings in NIO Inc. $NIO

XY Capital Ltd lifted its position in NIO Inc. (NYSE:NIO) by 42.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 444,350 shares of the company’s stock after acquiring an additional 133,290 shares during the quarter. NIO makes up approximately 2.7% of XY Capital Ltd’s portfolio, making the stock its 17th largest position. XY Capital Ltd’s holdings in NIO were worth $2,679,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NIO. PNC Financial Services Group Inc. boosted its holdings in NIO by 25.9% during the first quarter. PNC Financial Services Group Inc. now owns 68,507 shares of the company’s stock worth $413,000 after purchasing an additional 14,075 shares during the last quarter. Parallel Advisors LLC grew its position in NIO by 115.7% in the 1st quarter. Parallel Advisors LLC now owns 29,769 shares of the company’s stock worth $180,000 after purchasing an additional 15,971 shares in the last quarter. KBC Group NV increased its stake in NIO by 39.7% in the 1st quarter. KBC Group NV now owns 583,722 shares of the company’s stock valued at $3,520,000 after buying an additional 165,741 shares during the last quarter. Spartan Wealth Advisory Services LLC purchased a new stake in NIO in the 1st quarter valued at about $82,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of NIO during the 1st quarter worth approximately $95,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NIO shares. The Goldman Sachs Group raised NIO from a “neutral” rating to a “buy” rating and set a $7.00 target price for the company in a report on Monday, July 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of NIO in a report on Friday, May 1st. Bank of America reissued a “neutral” rating and issued a $6.80 price objective on shares of NIO in a research report on Thursday, May 21st. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $6.00 price objective on shares of NIO in a research note on Friday, May 22nd. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $6.70.

NIO Stock Performance

Shares of NIO stock opened at $4.79 on Wednesday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.90 and a current ratio of 1.01. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of -8.71 and a beta of 0.90. NIO Inc. has a 52 week low of $4.37 and a 52 week high of $8.02. The firm’s 50-day simple moving average is $5.26 and its two-hundred day simple moving average is $5.37.

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.