SG Americas Securities LLC Buys 1,423,350 Shares of NIO Inc. $NIO

SG Americas Securities LLC lifted its stake in shares of NIO Inc. (NYSE:NIO) by 89.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,006,407 shares of the company’s stock after purchasing an additional 1,423,350 shares during the quarter. SG Americas Securities LLC owned 0.14% of NIO worth $15,333,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its position in NIO by 148.3% during the third quarter. Farther Finance Advisors LLC now owns 4,817 shares of the company’s stock worth $37,000 after purchasing an additional 2,877 shares during the period. Allworth Financial LP grew its stake in NIO by 183.5% during the third quarter. Allworth Financial LP now owns 6,596 shares of the company’s stock worth $50,000 after buying an additional 4,269 shares in the last quarter. Aries Wealth Management bought a new position in NIO in the 3rd quarter valued at about $76,000. Concurrent Investment Advisors LLC acquired a new position in shares of NIO in the 3rd quarter valued at approximately $77,000. Finally, Strategies Wealth Advisors LLC acquired a new position in shares of NIO in the 3rd quarter valued at approximately $77,000. Institutional investors own 48.55% of the company’s stock.

NIO Trading Down 4.4%

NIO opened at $5.32 on Friday. The company’s 50 day moving average is $5.08 and its 200-day moving average is $5.74. NIO Inc. has a 1-year low of $3.02 and a 1-year high of $8.02. The company has a current ratio of 0.98, a quick ratio of 0.87 and a debt-to-equity ratio of 2.08. The company has a market cap of $12.21 billion, a P/E ratio of -5.48 and a beta of 1.11.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NIO shares. Nomura raised shares of NIO from a “neutral” rating to a “buy” rating and set a $6.60 price target for the company in a report on Wednesday, March 11th. Bank of America restated a “neutral” rating on shares of NIO in a research report on Tuesday, March 10th. Weiss Ratings restated a “sell (d-)” rating on shares of NIO in a research note on Monday, December 29th. HSBC raised NIO from a “hold” rating to a “buy” rating and raised their target price for the company from $4.80 to $6.80 in a report on Friday, March 13th. Finally, Macquarie Infrastructure upgraded NIO from a “neutral” rating to an “outperform” rating and set a $6.10 price target on the stock in a research note on Thursday, January 15th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.80.

NIO Profile

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.