Profund Advisors LLC Has $3.49 Million Position in Nio Inc – (NYSE:NIO)
Profund Advisors LLC boosted its stake in shares of Nio Inc – (NYSE:NIO) by 33.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 71,682 shares of the company’s stock after buying an additional 17,923 shares during the period. Profund Advisors LLC’s holdings in NIO were worth $3,494,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Atlas Private Wealth Advisors lifted its position in NIO by 1,133.3% in the 4th quarter. Atlas Private Wealth Advisors now owns 740 shares of the company’s stock valued at $36,000 after acquiring an additional 680 shares in the last quarter. Wolff Wiese Magana LLC bought a new stake in NIO in the 4th quarter valued at approximately $39,000. Fieldpoint Private Securities LLC acquired a new position in NIO during the 4th quarter worth approximately $41,000. Private Capital Group LLC increased its stake in NIO by 72.2% in the 4th quarter. Private Capital Group LLC now owns 861 shares of the company’s stock valued at $42,000 after buying an additional 361 shares during the last quarter. Finally, Cordasco Financial Network acquired a new stake in NIO in the 4th quarter valued at $44,000.
A number of analysts recently issued reports on NIO shares. HSBC assumed coverage on NIO in a research report on Friday, October 30th. They issued a “hold” rating and a $30.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of NIO from $50.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, January 11th. Bank of America lifted their price objective on shares of NIO from $59.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, January 11th. Nomura Instinet started coverage on NIO in a report on Friday, January 22nd. They set a “buy” rating and a $80.30 price target for the company. Finally, Smith Barney Citigroup reiterated a “neutral” rating on shares of NIO in a research report on Tuesday, January 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. NIO presently has a consensus rating of “Hold” and an average price target of $44.73.
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.
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