Trexquant Investment LP Sells 90,744 Shares of Li Auto Inc. (NASDAQ:LI)

Trexquant Investment LP trimmed its position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 53.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,550 shares of the company's stock after selling 90,744 shares during the period. Trexquant Investment LP's holdings in Li Auto were worth $3,015,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. bought a new stake in Li Auto during the fourth quarter valued at about $57,000. Employees Retirement System of Texas bought a new stake in shares of Li Auto in the third quarter valued at about $130,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Li Auto in the third quarter valued at about $215,000. Tucker Asset Management LLC bought a new stake in shares of Li Auto in the third quarter valued at about $217,000. Finally, Ballentine Partners LLC bought a new stake in shares of Li Auto in the fourth quarter valued at about $223,000. 9.88% of the stock is currently owned by institutional investors.

Li Auto Trading Up 3.7 %

LI stock traded up $0.73 during midday trading on Friday, reaching $20.31. The company's stock had a trading volume of 8,603,735 shares, compared to its average volume of 11,133,606. Li Auto Inc. has a 52 week low of $19.38 and a 52 week high of $47.33. The stock has a market cap of $21.55 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. The company has a quick ratio of 1.48, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The business's 50-day simple moving average is $27.83 and its 200-day simple moving average is $32.43.

Li Auto (NASDAQ:LI - Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. The company had revenue of $5.88 billion for the quarter. Li Auto had a net margin of 8.73% and a return on equity of 16.65%. As a group, sell-side analysts expect that Li Auto Inc. will post 1.43 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Bank of America dropped their price target on shares of Li Auto from $41.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of Li Auto from a "hold" rating to a "buy" rating and dropped their price target for the stock from $45.00 to $41.00 in a research report on Tuesday, February 6th. Barclays dropped their price target on shares of Li Auto from $25.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday. Morgan Stanley dropped their price target on shares of Li Auto from $65.00 to $53.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Macquarie assumed coverage on shares of Li Auto in a research report on Monday, April 15th. They issued an "outperform" rating and a $40.00 price target for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $40.50.

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.