Firethorn Wealth Partners LLC Takes $109,000 Position in Nio Inc – (NYSE:NIO)

Firethorn Wealth Partners LLC purchased a new position in shares of Nio Inc – (NYSE:NIO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $109,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC lifted its holdings in NIO by 104.8% during the fourth quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company’s stock worth $5,018,000 after acquiring an additional 589,082 shares during the period. MCF Advisors LLC increased its position in shares of NIO by 4.2% during the 4th quarter. MCF Advisors LLC now owns 111,350 shares of the company’s stock valued at $485,000 after purchasing an additional 4,479 shares during the last quarter. Atomi Financial Group Inc. raised its stake in shares of NIO by 39.1% during the 4th quarter. Atomi Financial Group Inc. now owns 26,881 shares of the company’s stock worth $117,000 after purchasing an additional 7,554 shares during the period. Ballentine Partners LLC boosted its holdings in shares of NIO by 31.2% in the 4th quarter. Ballentine Partners LLC now owns 31,508 shares of the company’s stock worth $137,000 after buying an additional 7,488 shares during the last quarter. Finally, Sanders Morris Harris LLC bought a new position in NIO during the fourth quarter valued at about $270,000. 48.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on NIO. Daiwa America upgraded shares of NIO to a “strong-buy” rating in a research note on Monday, September 30th. HSBC lowered NIO from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Macquarie lowered NIO from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. The Goldman Sachs Group lowered NIO from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $4.80 to $3.90 in a report on Monday, November 25th. Finally, Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.71.

NIO Stock Performance

Shares of NIO stock opened at $4.28 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The business has a 50-day moving average price of $4.48 and a two-hundred day moving average price of $4.78. Nio Inc – has a 12-month low of $3.61 and a 12-month high of $7.71.

NIO Company Profile

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.