Greenwich Wealth Management LLC Has $83,000 Position in Nio Inc – (NYSE:NIO)

Greenwich Wealth Management LLC lessened its holdings in Nio Inc – (NYSE:NIO) by 37.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,087 shares of the company’s stock after selling 11,640 shares during the period. Greenwich Wealth Management LLC’s holdings in NIO were worth $83,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NIO. Blue Trust Inc. grew its stake in NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after acquiring an additional 3,607 shares in the last quarter. Jones Financial Companies Lllp grew its position in NIO by 131.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after purchasing an additional 4,332 shares in the last quarter. Callan Family Office LLC acquired a new position in NIO in the 4th quarter valued at approximately $44,000. Trilogy Capital Inc. purchased a new stake in NIO in the 4th quarter worth approximately $45,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in shares of NIO during the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Stock Performance

Shares of NIO opened at $4.89 on Monday. The company has a market capitalization of $10.20 billion, a PE ratio of -3.24 and a beta of 1.81. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Nio Inc – has a one year low of $3.61 and a one year high of $7.71. The company’s fifty day moving average price is $4.38 and its 200 day moving average price is $4.84.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group downgraded shares of NIO from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $4.80 to $3.90 in a research note on Monday, November 25th. Macquarie downgraded NIO from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $6.60 to $4.80 in a research note on Wednesday, November 20th. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut shares of NIO from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Finally, Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.03.

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.