This what I'm talking about in my precious post about$NIO Inc.(NIO)$
Daiwa America upgraded shares of NIO to a "strong-buy" rating in a research note on Monday, September 30th. JPMorgan Chase & Co. raised shares of NIO from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $5.30 to $8.00
FMR LLC raised its stake in shares of NIO by 5,388.5% in the third quarter. FMR LLC now owns 5,394,895 shares of the company's stock worth $36,038,000 after purchasing an additional 5,296,601 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in NIO by 164.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 6,464,246 shares of the company's stock worth $26,891,000 after buying an additional 4,018,659 shares during the period. Swedbank AB purchased a new position in NIO during the 1st quarter worth approximately $5,343,000. Point72 Hong Kong Ltd acquired a new stake in NIO during the 3rd quarter valued at approximately $4,879,000. Finally, Quadrature Capital Ltd boosted its holdings in shares of NIO by 32.3% in the 3rd quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company's stock valued at $14,756,000 after acquiring an additional 538,907 shares during the last quarter. Hedge funds and other institutional investors own 48.55% of the company's stock.
See big institutions increase there position in$NIO Inc.(NIO)$
Keep your position and wait till it's bounce back!
Know car maker is way far compare to Nio in terms of technology, innovation and unique business model.
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