Nio Inc – (NYSE:NIO) is Hillhouse Capital Management LTD.’s 8th Largest Position

Share on StockTwits

Hillhouse Capital Management LTD. raised its stake in shares of Nio Inc – (NYSE:NIO) by 96.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,938,286 shares of the company’s stock after buying an additional 20,618,489 shares during the quarter. NIO comprises approximately 3.4% of Hillhouse Capital Management LTD.’s holdings, making the stock its 8th largest position. Hillhouse Capital Management LTD. owned about 4.09% of NIO worth $106,943,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of NIO by 12,518.0% in the second quarter. BlackRock Inc. now owns 29,141,871 shares of the company’s stock valued at $74,312,000 after purchasing an additional 28,910,916 shares in the last quarter. Morgan Stanley grew its holdings in shares of NIO by 327.8% in the second quarter. Morgan Stanley now owns 10,712,835 shares of the company’s stock valued at $27,318,000 after purchasing an additional 8,208,374 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of NIO by 4,861.5% in the second quarter. SG Americas Securities LLC now owns 3,641,105 shares of the company’s stock valued at $9,285,000 after purchasing an additional 3,567,718 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of NIO by 388.0% in the second quarter. Bank of America Corp DE now owns 3,780,383 shares of the company’s stock valued at $9,639,000 after purchasing an additional 3,005,720 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of NIO by 272.8% in the second quarter. BNP Paribas Arbitrage SA now owns 3,940,616 shares of the company’s stock valued at $10,049,000 after purchasing an additional 2,883,571 shares in the last quarter. 36.93% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. Bank of America downgraded NIO from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $6.20 to $3.00 in a research report on Tuesday, May 28th. Zacks Investment Research upgraded NIO from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $7.36.

Shares of NIO opened at $3.04 on Friday. The business has a fifty day moving average of $3.02 and a 200 day moving average of $4.00. Nio Inc – has a 52-week low of $2.35 and a 52-week high of $10.64. The company has a debt-to-equity ratio of 3.73, a quick ratio of 1.34 and a current ratio of 1.49.

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.

Read More: What is the Fibonacci sequence?

Want to see what other hedge funds are holding NIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nio Inc – (NYSE:NIO).

Institutional Ownership by Quarter for NIO (NYSE:NIO)

Receive News & Ratings for NIO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIO and related companies with MarketBeat.com's FREE daily email newsletter.