Guggenheim Capital LLC Raises Stock Position in Nio Inc – (NYSE:NIO)

Guggenheim Capital LLC lifted its stake in shares of Nio Inc – (NYSE:NIO – Get Rating) by 23.7% during the third quarter, HoldingsChannel.com reports. The fund owned 21,724 shares of the company’s stock after buying an additional 4,158 shares during the quarter. Guggenheim Capital LLC’s holdings in NIO were worth $343,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tyler Stone Wealth Management increased its holdings in NIO by 174.2% during the second quarter. Tyler Stone Wealth Management now owns 1,574 shares of the company’s stock valued at $34,000 after buying an additional 1,000 shares during the period. Strengthening Families & Communities LLC increased its holdings in NIO by 637.9% during the third quarter. Strengthening Families & Communities LLC now owns 2,354 shares of the company’s stock valued at $36,000 after buying an additional 2,035 shares during the period. Oliver Lagore Vanvalin Investment Group increased its holdings in NIO by 988.0% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 1,904 shares of the company’s stock valued at $41,000 after buying an additional 1,729 shares during the period. Wipfli Financial Advisors LLC purchased a new position in NIO during the third quarter valued at approximately $45,000. Finally, Seaport Global Advisors LLC purchased a new position in NIO during the second quarter valued at approximately $70,000. 30.06% of the stock is owned by hedge funds and other institutional investors.

NIO Trading Down 3.2 %

NYSE:NIO opened at $8.51 on Monday. Nio Inc – has a 12 month low of $8.31 and a 12 month high of $24.43. The firm has a fifty day simple moving average of $10.58 and a 200-day simple moving average of $12.59. The company has a current ratio of 1.29, a quick ratio of 1.11 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $14.20 billion, a P/E ratio of -6.55 and a beta of 1.93.

Analysts Set New Price Targets

NIO has been the topic of several research reports. JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $14.00 to $10.00 in a report on Thursday, March 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of NIO from $20.00 to $21.00 and gave the company a “buy” rating in a report on Monday, November 21st. Jefferies Financial Group restated a “hold” rating and issued a $11.27 target price (down from $42.30) on shares of NIO in a research note on Monday, November 28th. Mizuho lowered their target price on shares of NIO from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 2nd. Finally, UBS Group downgraded shares of NIO from a “buy” rating to a “neutral” rating and lowered their target price for the company from $32.00 to $13.00 in a research note on Thursday, November 17th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.94.

NIO Company Profile

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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.