Hedge Funds loading NIO to $100
$NIO Inc. USD OV(NIO.SG$ There are many large funds secretly buying millions of shares of NIOshares of NIO!
Renaissance Technologies LLC, one of the world's most prominent hedge funds, increased its bets on Chinese electric vehicle companies in the second quarter, particularly for NIO and XPeng Motors.
Renaissance held 17,768,900 US-traded ADRs of NIO at the end of the second quarter, up 12,367,300 shares, or 228.96 percent, from 5,401,600 shares at the end of the first quarter, according to its Form 13F filed with the SEC on Friday.
As of December 31, JPMorgan held 7.64 million ADRs in NIO, worth about $240 million, according to the bank's 13F filing with the SEC on February 11.
JPMorgan Chase's holdings in NIO increased by about 6 million shares, or 378 percent, compared with about 1.6 million shares at the end of the third quarter last year.
Nio (NYSE:NIO) stock is in focus today on news that Baillie Gifford purchased 7.98 million shares during the second quarter, increasing its existing position by 8%. After the purchase, the asset management firm now owns 96.73 million shares of NIO stock. In addition, Nio is now Baillie’s eighth-largest position. This purchase comes after the firm sold 107,774 NIO shares in Q1. On the other hand, Baillie sold 407,949 shares of Tesla (NASDAQ:TSLA) during Q2.
Latest statistics and disclosures from Berkshire Capital Holdings's latest quarterly 13F-HR filing:
Berkshire Capital Holdings's stock portfolio.
Added to shares of these 10 stocks: SNOW (+$12M), BYDDY (+$11M), ZM (+$10M), NOW (+$7.9M), NIO (+$7.4M), OKTA (+$6.5M), HUBS (+$6.5M), ROKU (+$6.5M), NET, WOLF.
NIO upgraded to buy and 1yr target estimate raised to $110
Renaissance Technologies LLC, one of the world's most prominent hedge funds, increased its bets on Chinese electric vehicle companies in the second quarter, particularly for NIO and XPeng Motors.
Renaissance held 17,768,900 US-traded ADRs of NIO at the end of the second quarter, up 12,367,300 shares, or 228.96 percent, from 5,401,600 shares at the end of the first quarter, according to its Form 13F filed with the SEC on Friday.
As of December 31, JPMorgan held 7.64 million ADRs in NIO, worth about $240 million, according to the bank's 13F filing with the SEC on February 11.
JPMorgan Chase's holdings in NIO increased by about 6 million shares, or 378 percent, compared with about 1.6 million shares at the end of the third quarter last year.
Nio (NYSE:NIO) stock is in focus today on news that Baillie Gifford purchased 7.98 million shares during the second quarter, increasing its existing position by 8%. After the purchase, the asset management firm now owns 96.73 million shares of NIO stock. In addition, Nio is now Baillie’s eighth-largest position. This purchase comes after the firm sold 107,774 NIO shares in Q1. On the other hand, Baillie sold 407,949 shares of Tesla (NASDAQ:TSLA) during Q2.
Latest statistics and disclosures from Berkshire Capital Holdings's latest quarterly 13F-HR filing:
Berkshire Capital Holdings's stock portfolio.
Added to shares of these 10 stocks: SNOW (+$12M), BYDDY (+$11M), ZM (+$10M), NOW (+$7.9M), NIO (+$7.4M), OKTA (+$6.5M), HUBS (+$6.5M), ROKU (+$6.5M), NET, WOLF.
NIO upgraded to buy and 1yr target estimate raised to $110
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