Li Auto Inc. (NASDAQ:LI) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its holdings in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 38.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,576 shares of the company's stock after selling 12,289 shares during the period. Cresset Asset Management LLC's holdings in Li Auto were worth $470,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LI. OLD Mission Capital LLC acquired a new position in Li Auto during the fourth quarter worth about $14,704,000. RWC Asset Advisors US LLC grew its holdings in Li Auto by 20.0% during the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock worth $76,313,000 after acquiring an additional 530,390 shares during the period. NINE MASTS CAPITAL Ltd acquired a new position in Li Auto during the fourth quarter worth about $6,637,000. Barclays PLC grew its holdings in Li Auto by 41.8% during the third quarter. Barclays PLC now owns 602,028 shares of the company's stock worth $15,442,000 after acquiring an additional 177,414 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Li Auto during the fourth quarter worth about $3,821,000. 9.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LI. HSBC set a $38.50 target price on Li Auto and gave the stock a "buy" rating in a report on Thursday, March 6th. JPMorgan Chase & Co. raised Li Auto from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $22.00 to $40.00 in a report on Friday, February 28th. Nomura Securities upgraded Li Auto to a "hold" rating in a research report on Monday, March 17th. Macquarie lowered Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target for the company. in a research report on Monday, March 17th. Finally, Cfra Research upgraded Li Auto to a "strong sell" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $35.73.

Li Auto Trading Up 2.7%

Shares of NASDAQ LI opened at $28.72 on Thursday. The firm has a market capitalization of $30.07 billion, a PE ratio of 21.27, a PEG ratio of 3.27 and a beta of 0.95. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. Li Auto Inc. has a one year low of $17.44 and a one year high of $33.12. The business has a 50-day moving average price of $25.11 and a two-hundred day moving average price of $24.68.

About Li Auto

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.

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