Credit Suisse AG Acquires 879,832 Shares of Nio Inc - (NYSE:NIO)

Credit Suisse AG boosted its holdings in shares of Nio Inc - (NYSE:NIO) by 19.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,497,075 shares of the company's stock after purchasing an additional 879,832 shares during the quarter. Credit Suisse AG owned about 0.33% of NIO worth $53,267,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in NIO by 7.8% during the 2nd quarter. BlackRock Inc. now owns 66,794,714 shares of the company's stock valued at $647,241,000 after purchasing an additional 4,835,232 shares during the period. Vanguard Group Inc. boosted its stake in NIO by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 51,370,117 shares of the company's stock valued at $810,108,000 after purchasing an additional 1,113,194 shares during the period. Norges Bank bought a new stake in NIO during the 4th quarter valued at approximately $155,344,000.

Legal & General Group Plc raised its holdings in NIO by 0.8% in the 4th quarter. Legal & General Group Plc now owns 11,086,052 shares of the company's stock valued at $108,089,000 after acquiring an additional 92,662 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in NIO by 20.8% in the 1st quarter. First Trust Advisors LP now owns 8,128,289 shares of the company's stock valued at $171,100,000 after acquiring an additional 1,399,601 shares in the last quarter. Institutional investors own 42.32% of the company's stock.