Capital Advisors Inc. OK Makes New Investment in Nio Inc – (NYSE:NIO)

Capital Advisors Inc. OK bought a new stake in Nio Inc – (NYSE:NIO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,300 shares of the company’s stock, valued at approximately $110,000.

Other institutional investors also recently made changes to their positions in the company. XY Capital Ltd acquired a new stake in shares of NIO in the fourth quarter valued at about $1,544,000. AlphaStar Capital Management LLC purchased a new position in NIO in the fourth quarter valued at about $537,000. Telos Capital Management Inc. acquired a new stake in shares of NIO during the 4th quarter valued at approximately $59,000. Trilogy Capital Inc. purchased a new stake in shares of NIO during the 4th quarter worth approximately $45,000. Finally, Tempus Wealth Planning LLC acquired a new stake in shares of NIO in the 4th quarter worth approximately $173,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Price Performance

Shares of NIO stock opened at $4.21 on Thursday. The firm has a fifty day simple moving average of $4.40 and a 200-day simple moving average of $4.75. The company has a market capitalization of $8.79 billion, a PE ratio of -2.79 and a beta of 1.68. Nio Inc – has a twelve month low of $3.61 and a twelve 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.

Analyst Upgrades and Downgrades

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

About NIO

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.