Nio Inc – (NYSE:NIO) Shares Purchased by Toronto Dominion Bank

Toronto Dominion Bank boosted its holdings in shares of Nio Inc – (NYSE:NIO) by 1,652,962.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,245 shares of the company’s stock after acquiring an additional 132,237 shares during the period. Toronto Dominion Bank’s holdings in NIO were worth $883,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Point72 Asset Management L.P. increased its holdings in shares of NIO by 164.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 6,464,246 shares of the company’s stock worth $26,891,000 after buying an additional 4,018,659 shares during the last quarter. FMR LLC increased its holdings in NIO by 5,388.5% during the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company’s stock worth $36,038,000 after purchasing an additional 5,296,601 shares during the period. Quadrature Capital Ltd increased its stake in shares of NIO by 32.3% during the third quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company’s stock worth $14,756,000 after buying an additional 538,907 shares during the period. Krane Funds Advisors LLC increased its position in shares of NIO by 31.7% in the 2nd quarter. Krane Funds Advisors LLC now owns 1,538,781 shares of the company’s stock valued at $6,401,000 after purchasing an additional 370,556 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in NIO by 32.1% in the second quarter. Bank of New York Mellon Corp now owns 1,416,709 shares of the company’s stock valued at $5,894,000 after buying an additional 343,910 shares in the last quarter. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

NIO Price Performance

NIO stock opened at $4.43 on Tuesday. The stock’s fifty day simple moving average is $5.02 and its 200-day simple moving average is $4.83. 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 Inc – has a 52-week low of $3.61 and a 52-week high of $9.57. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of -2.93 and a beta of 1.77.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wolfe Research assumed coverage on shares of NIO in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Daiwa America raised shares of NIO to a “strong-buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. raised NIO from a “neutral” rating to an “overweight” rating and raised their target price for the company from $5.30 to $8.00 in a report on Friday, September 6th. Citigroup reduced their price target on shares of NIO from $8.50 to $7.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Finally, The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and cut their price target for the stock from $4.80 to $3.90 in a research note on Monday, November 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, NIO has an average rating of “Hold” and a consensus target price of $5.71.

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.