AlphaStar Capital Management LLC Makes New $537,000 Investment in Nio Inc – (NYSE:NIO)

AlphaStar Capital Management LLC acquired a new stake in Nio Inc – (NYSE:NIO) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 123,270 shares of the company’s stock, valued at approximately $537,000.

Several other large investors also recently modified their holdings of NIO. Allspring Global Investments Holdings LLC acquired a new stake in shares of NIO in the 3rd quarter valued at $32,000. Blue Trust Inc. boosted its position in NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after buying an additional 3,607 shares in the last quarter. Trilogy Capital Inc. acquired a new stake in shares of NIO during the fourth quarter worth approximately $45,000. First Trust Direct Indexing L.P. bought a new position in shares of NIO in the third quarter valued at approximately $76,000. Finally, Apollon Wealth Management LLC acquired a new position in shares of NIO in the 3rd quarter worth approximately $78,000. 48.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on NIO shares. Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group cut NIO from a “neutral” rating to a “sell” rating and cut their price target for the company from $4.80 to $3.90 in a report on Monday, November 25th. HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered shares of NIO from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Finally, Macquarie lowered shares of NIO from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $6.60 to $4.80 in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.38.

NIO Stock Up 0.8 %

Shares of NIO stock opened at $4.24 on Friday. The stock has a 50-day moving average of $4.42 and a 200-day moving average of $4.75. Nio Inc – has a one year low of $3.61 and a one year high of $7.71. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98.

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.