Trilogy Capital Inc. Buys Shares of 10,256 Nio Inc – (NYSE:NIO)

Trilogy Capital 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 10,256 shares of the company’s stock, valued at approximately $45,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in shares of NIO by 10.7% during the second quarter. The Manufacturers Life Insurance Company now owns 181,043 shares of the company’s stock worth $753,000 after purchasing an additional 17,467 shares during the period. Truist Financial Corp increased its stake in NIO by 32.2% during the 2nd quarter. Truist Financial Corp now owns 25,253 shares of the company’s stock valued at $105,000 after purchasing an additional 6,150 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in NIO during the second quarter worth $228,000. Atomi Financial Group Inc. lifted its stake in shares of NIO by 15.5% in the third quarter. Atomi Financial Group Inc. now owns 19,327 shares of the company’s stock valued at $129,000 after buying an additional 2,588 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of NIO during the third quarter valued at about $92,000. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Stock Performance

NYSE NIO opened at $4.24 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The company has a market capitalization of $8.84 billion, a PE ratio of -2.80 and a beta of 1.68. Nio Inc – has a 52-week low of $3.61 and a 52-week high of $7.71. The company has a 50-day simple moving average of $4.42 and a 200 day simple moving average of $4.75.

Analyst Ratings Changes

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

About NIO

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.