KBC Group NV Trims Stock Holdings in NIO Inc. $NIO

KBC Group NV lowered its holdings in NIO Inc. (NYSE:NIO) by 19.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 471,838 shares of the company’s stock after selling 111,884 shares during the period. KBC Group NV’s holdings in NIO were worth $2,388,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NIO. Atlantic Union Bankshares Corp raised its holdings in NIO by 98.3% during the 4th quarter. Atlantic Union Bankshares Corp now owns 5,950 shares of the company’s stock valued at $30,000 after acquiring an additional 2,950 shares during the period. Merkkuri Wealth Advisors LLC purchased a new position in shares of NIO in the first quarter valued at $41,000. Arax Advisory Partners grew its position in shares of NIO by 81.6% in the fourth quarter. Arax Advisory Partners now owns 7,758 shares of the company’s stock valued at $40,000 after purchasing an additional 3,487 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of NIO by 120.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,015 shares of the company’s stock valued at $48,000 after purchasing an additional 4,383 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of NIO during the 4th quarter valued at $41,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NIO shares. Sanford C. Bernstein reissued a “market perform” rating and set a $6.00 price objective on shares of NIO in a report on Friday, May 22nd. Bank of America reiterated a “neutral” rating and set a $6.80 price target on shares of NIO in a research report on Thursday, May 21st. Zacks Research raised shares of NIO from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group upgraded shares of NIO from a “neutral” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.70.

NIO Trading Up 0.3%

Shares of NIO stock opened at $4.51 on Friday. The company has a market capitalization of $11.21 billion, a PE ratio of -8.21 and a beta of 0.91. NIO Inc. has a 52-week low of $4.38 and a 52-week high of $8.02. The business’s fifty day moving average is $4.88 and its 200 day moving average is $5.35. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.90 and a current ratio of 1.01.

NIO Profile

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.