Telos Capital Management Inc. Takes Position in Nio Inc – (NYSE:NIO)

Telos Capital Management Inc. purchased a new position in shares of Nio Inc – (NYSE:NIO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,548 shares of the company’s stock, valued at approximately $59,000.

Other institutional investors have also added to or reduced their stakes in the company. Ballentine Partners LLC boosted its holdings in shares of NIO by 11.5% in the 3rd quarter. Ballentine Partners LLC now owns 24,020 shares of the company’s stock worth $160,000 after buying an additional 2,482 shares during the last quarter. Atomi Financial Group Inc. raised its position in NIO by 15.5% in the third quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock worth $129,000 after acquiring an additional 2,588 shares during the period. Perigon Wealth Management LLC boosted its stake in NIO by 24.1% in the fourth quarter. Perigon Wealth Management LLC now owns 14,769 shares of the company’s stock valued at $61,000 after acquiring an additional 2,867 shares during the last quarter. BSW Wealth Partners grew its position in shares of NIO by 21.4% during the 4th quarter. BSW Wealth Partners now owns 20,423 shares of the company’s stock valued at $89,000 after acquiring an additional 3,606 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after purchasing an additional 3,607 shares during the last quarter. 48.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on NIO shares. JPMorgan Chase & Co. lowered NIO from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $7.00 to $4.70 in a report on Tuesday. 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 cut NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group lowered shares of NIO from a “neutral” rating to a “sell” rating and cut their target price for the stock from $4.80 to $3.90 in a research 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 research analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, NIO presently has a consensus rating of “Hold” and an average price target of $5.38.

NIO Stock Up 0.8 %

NIO opened at $4.24 on Friday. The firm has a market capitalization of $8.84 billion, a P/E ratio of -2.80 and a beta of 1.68. Nio Inc – has a one year low of $3.61 and a one year high of $7.71. The company has a fifty day moving average price of $4.42 and a 200-day moving average price of $4.75. 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 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.