Cibc World Market Inc. Sells 118,191 Shares of NIO Inc. $NIO

Cibc World Market Inc. cut its stake in shares of NIO Inc. (NYSE:NIO) by 87.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,452 shares of the company’s stock after selling 118,191 shares during the quarter. Cibc World Market Inc.’s holdings in NIO were worth $125,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Caprock Group LLC acquired a new position in shares of NIO during the third quarter valued at about $105,000. Advisors Asset Management Inc. raised its stake in NIO by 4.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 128,107 shares of the company’s stock worth $976,000 after buying an additional 5,833 shares during the period. ABC Arbitrage SA bought a new position in NIO in the third quarter worth approximately $1,857,000. Stratos Wealth Partners LTD. boosted its holdings in NIO by 35.0% in the third quarter. Stratos Wealth Partners LTD. now owns 15,210 shares of the company’s stock worth $116,000 after acquiring an additional 3,947 shares in the last quarter. Finally, Profund Advisors LLC grew its stake in NIO by 6.1% in the third quarter. Profund Advisors LLC now owns 239,731 shares of the company’s stock valued at $1,827,000 after acquiring an additional 13,742 shares during the period. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Price Performance

NIO opened at $5.08 on Friday. NIO Inc. has a 1 year low of $3.02 and a 1 year high of $8.02. The company has a debt-to-equity ratio of 2.36, a current ratio of 0.94 and a quick ratio of 0.83. The company has a market capitalization of $10.59 billion, a price-to-earnings ratio of -3.50 and a beta of 1.10. The firm’s fifty day moving average price is $4.85 and its two-hundred day moving average price is $5.77.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group lowered NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Citigroup lowered their price objective on shares of NIO from $8.60 to $6.90 and set a “buy” rating on the stock in a report on Wednesday, November 26th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $7.00 price objective on shares of NIO in a research note on Thursday, October 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of NIO in a research report on Monday, December 29th. Finally, Macquarie Infrastructure raised shares of NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price target on the stock in a research report on Thursday, January 15th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.83.

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.