LPL Financial LLC Sells 11,744 Shares of Li Auto Inc. (NASDAQ:LI)

LPL Financial LLC cut its position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 55.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,570 shares of the company's stock after selling 11,744 shares during the period. LPL Financial LLC's holdings in Li Auto were worth $230,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. raised its position in shares of Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company's stock valued at $84,000 after buying an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Li Auto in the fourth quarter valued at about $129,000. Blue Trust Inc. boosted its holdings in shares of Li Auto by 66.2% during the 4th quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock valued at $130,000 after acquiring an additional 2,015 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Li Auto during the fourth quarter valued at about $191,000. Finally, Ballentine Partners LLC bought a new stake in shares of Li Auto during the fourth quarter worth about $223,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Li Auto Stock Performance

NASDAQ LI traded up $0.02 on Monday, hitting $25.06. 193,570 shares of the stock traded hands, compared to its average volume of 6,904,002. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The business's fifty day moving average is $25.50 and its two-hundred day moving average is $24.63. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $33.12. The firm has a market capitalization of $26.24 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 3.27 and a beta of 0.95.

Li Auto Profile

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.