Mirae Asset Global Investments Co. Ltd. reduced its holdings in Li Auto Inc. (NASDAQ:LI - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 156,021 shares of the company's stock after selling 34,369 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Li Auto were worth $5,840,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Li Auto by 137.9% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 325,772 shares of the company's stock valued at $8,226,000 after purchasing an additional 188,828 shares during the period. US Bancorp DE raised its stake in Li Auto by 20.2% during the 1st quarter. US Bancorp DE now owns 3,890 shares of the company's stock worth $100,000 after buying an additional 653 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Li Auto by 67.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,177 shares of the company's stock worth $288,000 after acquiring an additional 4,485 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Li Auto in the first quarter valued at approximately $966,000. Finally, APG Asset Management N.V. grew its stake in Li Auto by 29.5% in the first quarter. APG Asset Management N.V. now owns 86,520 shares of the company's stock valued at $2,007,000 after acquiring an additional 19,700 shares during the period. 9.88% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
LI has been the subject of several recent research reports. Citigroup decreased their target price on shares of Li Auto from $57.30 to $48.50 and set a "buy" rating for the company in a research report on Friday, March 22nd. Morgan Stanley decreased their price target on Li Auto from $74.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, March 25th. Macquarie initiated coverage on Li Auto in a research note on Monday. They set an "outperform" rating and a $40.00 price objective on the stock. The Goldman Sachs Group initiated coverage on shares of Li Auto in a research note on Wednesday, January 3rd. They issued a "buy" rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised Li Auto from a "hold" rating to a "buy" rating and reduced their target price for the company from $45.00 to $41.00 in a report on Tuesday, February 6th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $47.36.
Read Our Latest Report on LI
Li Auto Price Performance
Shares of NASDAQ:LI traded down $0.79 on Monday, hitting $28.60. The company's stock had a trading volume of 7,973,374 shares, compared to its average volume of 8,061,741. The company has a market capitalization of $30.34 billion, a PE ratio of 18.45 and a beta of 1.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.48. The company has a 50-day simple moving average of $33.75 and a 200 day simple moving average of $34.32. Li Auto Inc. has a 1 year low of $21.48 and a 1 year high of $47.33.
Li Auto (NASDAQ:LI - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. The firm had revenue of $5.88 billion during the quarter. Sell-side analysts forecast that Li Auto Inc. will post 1.97 EPS for the current fiscal year.
Li Auto Profile
(
Free Report)
Li Auto Inc, through its subsidiaries, 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 also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.
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