KBC Group NV Has $3.52 Million Stake in NIO Inc. $NIO

KBC Group NV increased its holdings in shares of NIO Inc. (NYSE:NIO) by 39.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 583,722 shares of the company’s stock after buying an additional 165,741 shares during the period. KBC Group NV’s holdings in NIO were worth $3,520,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NIO. Voloridge Investment Management LLC grew its holdings in NIO by 14.4% during the 4th quarter. Voloridge Investment Management LLC now owns 13,498,709 shares of the company’s stock worth $68,843,000 after acquiring an additional 1,694,023 shares during the period. Bank of America Corp DE lifted its stake in shares of NIO by 157.4% in the 3rd quarter. Bank of America Corp DE now owns 8,838,076 shares of the company’s stock valued at $67,346,000 after purchasing an additional 5,405,140 shares during the period. Renaissance Technologies LLC boosted its position in shares of NIO by 14.5% in the 4th quarter. Renaissance Technologies LLC now owns 8,489,400 shares of the company’s stock worth $43,296,000 after purchasing an additional 1,075,960 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of NIO by 3,966.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,316,291 shares of the company’s stock worth $20,255,000 after purchasing an additional 5,185,565 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of NIO by 67.2% during the first quarter. SG Americas Securities LLC now owns 5,027,161 shares of the company’s stock worth $30,314,000 after purchasing an additional 2,020,754 shares during the period. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Price Performance

NIO opened at $4.49 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 1.94. NIO Inc. has a 12 month low of $4.37 and a 12 month high of $8.02. The company has a fifty day simple moving average of $5.16 and a 200 day simple moving average of $5.36. The stock has a market cap of $11.14 billion, a P/E ratio of -8.15 and a beta of 0.90.

Analyst Upgrades and Downgrades

NIO has been the subject of a number of recent analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and issued a $6.00 price objective on shares of NIO in a report on Friday, May 22nd. Bank of America restated a “neutral” rating and set a $6.80 target price on shares of NIO in a report on Thursday, May 21st. Weiss Ratings restated a “sell (e+)” rating on shares of NIO in a research report on Friday, May 1st. Finally, The Goldman Sachs Group raised NIO from a “neutral” rating to a “buy” rating and set a $7.00 price target for the company in a research note on Monday, July 13th. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.70.

About NIO

NIO Inc is a pioneer in the premium electric vehicle (EV) segment, dedicated to the design, development and manufacture of smart, high-performance EVs. Established in November 2014 and headquartered in Shanghai, China, the company focuses on integrating cutting-edge electric propulsion, advanced connectivity and autonomous driving technologies into its automotive platforms. NIO’s vision centers on creating a holistic user experience that extends beyond the vehicle itself, encompassing energy services and digital solutions.

The company’s product lineup includes flagship SUVs and sedans such as the ES8, ES6, EC6, ET7 and ET5, each engineered to deliver strong performance, long range and a suite of intelligent driver-assistance features.