Tower Research Capital LLC TRC Trims Stock Holdings in Li Auto Inc. (NASDAQ:LI)

Tower Research Capital LLC TRC decreased its position in Li Auto Inc. (NASDAQ:LI - Free Report) by 73.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,170 shares of the company's stock after selling 30,785 shares during the quarter. Tower Research Capital LLC TRC's holdings in Li Auto were worth $268,000 at the end of the most recent quarter.

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

Li Auto Price Performance

Shares of NASDAQ:LI opened at $25.04 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $26.22 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 3.27 and a beta of 0.94. The firm's 50 day moving average price is $25.50 and its 200-day moving average price is $24.62. Li Auto Inc. has a twelve month low of $17.44 and a twelve month high of $33.12.

Wall Street Analyst Weigh In

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

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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