NIO Inc. (NYSE:NIO) enjoyed a 20% run-up in share price since hitting record low of $2.35. The stock managed 8.46% rise and now stands at $2.82 as of 7/2/2019. At a recent session, the prices were hovering between $2.57 and $2.845. This company shares are 113.48% off its target price of $6.02 and the current market capitalization stands at $3.03B. The recent change has given its price a -23.75% deficit over SMA 50 and -79.57% deficit over its 52-week high. The stock witnessed -4.73% declines, -47.68% declines and -55.73% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NIO’s volatility during a week at 6.84% and during a month it has been found around 7.86%.
What Does NIO Inc. (NIO) Do?
The company describes itself in regulatory filings as, “NIO, Inc. (China) is a holding company, which engages in the design, manufacture, and sale of electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Its products include EP9 supercar and ES8 7-seater SUV. The company provides users with home charging, and power express valet service and other power solutions including access to public charging, access to power mobile charging trucks, and battery swapping. It also offers other value-added services such as service package, battery payment arrangement, and vehicle financing and license plate registration. The company was founded by Li Bin and Qin Li Hong in November 2014 and is headquartered in Jiading, China.” [Text can be found here: https://www.marketwatch.com/investing/stock/NIO/profile under company description.]NIO Inc. (NIO) Top Holders
Institutional investors currently hold around $761 million or 40.3% in NIO stock. Look at its top three institutional owners: Baillie Gifford & Co owns $264.65 million in NIO Inc., which represents roughly 8.73% of the company’s market cap and approximately 34.78% of the institutional ownership. Similar statistics are true for the second largest owner, Temasek Holdings (Private) Ltd, which owns 41,446,985 shares of the stock are valued at $107.76 million. The third largest holder is Warburg Pincus Llc, which currently holds $72.21 million worth of this stock and that ownership represents nearly 2.38% of its market capitalization.NIO Inc. 13F Filings
At the end of March reporting period, 167 institutional holders increased their position in NIO Inc. (NYSE:NIO) by some 117,843,923 shares, 35 decreased positions by 9,575,900 and 20 held positions by 165,339,259. That puts total institutional holdings at 292,759,082 shares, according to SEC filings. The stock grabbed 122 new institutional investments totaling 84,040,844 shares while 19 institutional investors sold out their entire positions totaling 5,988,767 shares.
Multiple company employees have indulged in significant insider trading. NIO Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chief Administrative Officer ZIMMERMAN GIFFORD R has sold 700 shares of NIO Inc. (NIO) in the trading session dated Sep. 11, 2014. These shares are worth $9,982 and were traded at $14.26 each. The SEC filing shows that ZIMMERMAN GIFFORD R performed a purchase of 700 shares. The Chief Administrative Officer added these shares by way of transaction on Mar. 18, 2013. The company’s shares were assimilated at $14.8 per share worth to an investment of some $10,360 to the account of ZIMMERMAN GIFFORD R.
In the transaction dated Mar. 25, 2010, a great number of shares sold came courtesy the 10% Owner; BANK OF AMERICA CORP /DE/ disposed a total of 2,180 shares at an average price of $13.65, amounting to approximately $29,757. The insider now directly owns shares worth $.NIO Inc. (NIO) Analyst Guide
Several analysts have released their opinion on NIO Inc. (NYSE:NIO), with 3 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 3 buy, 3 sell and 0 strong sell ratings, collectively assigning a 2.5 average brokerage recommendation [T1].