Stocks
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BofA raises NIO price target by 140% to $54.7, reiterates Buy rating
NIO is a leader among Chinese auto OEMs in terms of autonomous driving, which should help it gain share, BofA said.
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Hillhouse Capital, which liquidated NIO at its lowest point, re-bought big in Q3
As of September 30, Hillhouse Capital owned 2,411,000 shares of NIO stock worth $51.17 million.
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CICC raises Li Auto price target by 86% to $40
Chinese investment bank CICC raised its price target on Li Auto by 86% to $40, which corresponds to 28% upside potential in the current share price, and maintained its Outperform rating, citing Li Auto's strong cost control and efficient operations.
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How many mistakes has Citron made in shorting NIO?
NIO shares plunged nearly 8% on Friday after being shorted by Citron, but the company's shares rallied more than 2% on Monday and more than 2% in pre-market trading on Tuesday.
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Citi raises price targets on XPeng and Li Auto
Citi raised price target on XPeng (XPEV.US) from $34.70 to $57.71, and maintains "Buy" rating. The bank also raised Li Auto (LI.US) rating from "Neutral" to "Buy" with a price target raised to $45.60 from $27.10.
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Baidu posts Q3 revenue of RMB 28.2 billion, beating expectations
Chinese search giant Baidu reported third-quarter revenue of 28.2 billion yuan ($4.16 billion), up 8 percent from the previous quarter and 1 percent from the same period in 2019, topping analysts' expectations of 27.58 billion yuan.
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JD.com Q3 revenue rises 29.2% year on year, beating expectations
JD.com shares were down 2% in pre-market trading.
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Revealing the whales in NIO: Bridgewater is not alone
There is also the largest public pension in the US and the famous Renaissance Technologies.
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World's largest hedge fund almost doubles its position in NIO in Q3
The world's largest hedge fund held 1,569,456 NIO ADS shares worth $33,304,000 as of September 30, 2020, according to an SEC filing on November 13.
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Short seller Citron is shorting NIO, says stock should go back to $25
US short-seller Citron is shorting NIO and says after a rocky road of trading, NIO has found itself in unchartered territory that can never be justified by its current standing in the China EV market or its near-term prospects. Citron gives NIO a price target of $25.