Assenagon Asset Management S.A. Has $269,000 Position in Li Auto Inc. (NASDAQ:LI)

Assenagon Asset Management S.A. lowered its stake in Li Auto Inc. (NASDAQ:LI - Free Report) by 86.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,881 shares of the company's stock after selling 55,485 shares during the period. Assenagon Asset Management S.A.'s holdings in Li Auto were worth $269,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LI. Advisors Asset Management Inc. grew its holdings in Li Auto by 3.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 14,458 shares of the company's stock worth $515,000 after acquiring an additional 469 shares during the period. Signaturefd LLC grew its holdings in Li Auto by 7.1% during the 3rd quarter. Signaturefd LLC now owns 8,613 shares of the company's stock worth $307,000 after acquiring an additional 569 shares during the period. Corient Private Wealth LLC grew its holdings in Li Auto by 5.3% during the 4th quarter. Corient Private Wealth LLC now owns 12,664 shares of the company's stock worth $474,000 after acquiring an additional 641 shares during the period. Quadrant Capital Group LLC grew its holdings in Li Auto by 7.6% during the 4th quarter. Quadrant Capital Group LLC now owns 10,497 shares of the company's stock worth $393,000 after acquiring an additional 745 shares during the period. Finally, Caprock Group LLC grew its holdings in Li Auto by 10.0% during the 4th quarter. Caprock Group LLC now owns 8,814 shares of the company's stock worth $330,000 after acquiring an additional 802 shares during the period. Institutional investors and hedge funds own 9.88% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Macquarie started coverage on shares of Li Auto in a research report on Monday, April 15th. They issued an "outperform" rating and a $40.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $45.00 to $41.00 in a research note on Tuesday, February 6th. Morgan Stanley lowered their price objective on shares of Li Auto from $65.00 to $53.00 and set an "overweight" rating on the stock in a research note on Tuesday. Bank of America lowered their price objective on shares of Li Auto from $41.00 to $36.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Citigroup decreased their price target on shares of Li Auto from $57.30 to $48.50 and set a "buy" rating on the stock in a research note on Friday, March 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.50.

Li Auto Trading Down 5.7 %

NASDAQ LI traded down $1.19 on Thursday, hitting $19.58. The company's stock had a trading volume of 13,401,061 shares, compared to its average volume of 8,744,490. The company has a quick ratio of 1.48, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. Li Auto Inc. has a 1-year low of $19.38 and a 1-year high of $47.33. The company's 50-day moving average is $28.52 and its 200 day moving average is $32.71. The firm has a market cap of $20.77 billion, a PE ratio of 13.03, a PEG ratio of 1.84 and a beta of 1.10.

Li Auto (NASDAQ:LI - Get Free Report) last posted 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 8.73% and a return on equity of 16.65%. The company had revenue of $5.88 billion during the quarter. As a group, analysts predict that Li Auto Inc. will post 1.43 earnings per share for the current fiscal year.

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.

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