Tower Research Capital LLC TRC Has $268,000 Position in Li Auto Inc. (NASDAQ:LI)

Tower Research Capital LLC TRC trimmed its position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 73.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,170 shares of the company's stock after selling 30,785 shares during the period. Tower Research Capital LLC TRC's holdings in Li Auto were worth $268,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Barclays PLC lifted its holdings in shares of Li Auto by 41.8% in the 3rd quarter. Barclays PLC now owns 602,028 shares of the company's stock valued at $15,442,000 after buying an additional 177,414 shares during the period. Ballentine Partners LLC acquired a new stake in shares of Li Auto in the fourth quarter valued at $223,000. Atomi Financial Group Inc. acquired a new stake in Li Auto in the fourth quarter valued at $271,000. SG Americas Securities LLC grew its holdings in shares of Li Auto by 26.9% during the fourth quarter. SG Americas Securities LLC now owns 212,415 shares of the company's stock worth $5,096,000 after purchasing an additional 45,008 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Li Auto by 66.2% during the fourth quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock worth $130,000 after buying an additional 2,015 shares during the last quarter. Hedge funds and other institutional investors own 9.88% of the company's stock.

Li Auto Trading Down 2.4 %

Shares of LI stock traded down $0.65 during trading hours on Friday, reaching $26.58. 1,169,226 shares of the stock traded hands, compared to its average volume of 6,811,331. The business has a fifty day moving average price of $25.13 and a 200 day moving average price of $24.66. The firm has a market capitalization of $27.83 billion, a PE ratio of 19.69, a PEG ratio of 3.27 and a beta of 0.95. Li Auto Inc. has a 1-year low of $17.44 and a 1-year high of $33.12. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13.

Analyst Upgrades and Downgrades

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

Li Auto Company 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.