DnB Asset Management AS Sells 844 Shares of Li Auto Inc. (NASDAQ:LI)

DnB Asset Management AS lessened its position in shares of Li Auto Inc. (NASDAQ:LIGet Rating) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,818 shares of the company’s stock after selling 844 shares during the quarter. DnB Asset Management AS’s holdings in Li Auto were worth $912,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. US Bancorp DE raised its stake in shares of 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 acquiring an additional 653 shares in the last quarter. Profund Advisors LLC increased its stake in Li Auto by 3.9% during the 1st quarter. Profund Advisors LLC now owns 21,625 shares of the company’s stock valued at $558,000 after purchasing an additional 809 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in Li Auto by 2.2% during the 1st quarter. Ensign Peak Advisors Inc now owns 40,050 shares of the company’s stock valued at $1,034,000 after purchasing an additional 850 shares in the last quarter. Captrust Financial Advisors increased its stake in Li Auto by 584.1% during the 1st quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock valued at $28,000 after purchasing an additional 917 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Li Auto by 36.5% during the 1st quarter. Signaturefd LLC now owns 3,854 shares of the company’s stock valued at $99,000 after purchasing an additional 1,031 shares in the last quarter. Institutional investors own 21.99% of the company’s stock.

Li Auto Stock Performance

Shares of NASDAQ LI opened at $23.10 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.08 and a current ratio of 3.25. The company has a market capitalization of $23.86 billion, a PE ratio of -461.91 and a beta of 0.45. Li Auto Inc. has a 1 year low of $16.86 and a 1 year high of $41.49. The company’s fifty day moving average price is $30.83 and its 200 day moving average price is $28.73.

Li Auto (NASDAQ:LIGet Rating) last posted its quarterly earnings data on Monday, August 15th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $8.73 billion for the quarter, compared to analysts’ expectations of $9.50 billion. Li Auto had a negative net margin of 0.90% and a negative return on equity of 0.79%. The business’s revenue for the quarter was up 73.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.04) earnings per share. On average, research analysts predict that Li Auto Inc. will post -0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. TheStreet lowered shares of Li Auto from a “c” rating to a “d+” rating in a research note on Monday, September 12th. Citigroup upped their price target on shares of Li Auto from $26.80 to $58.60 and gave the company a “buy” rating in a research note on Tuesday, June 21st. Finally, CLSA began coverage on shares of Li Auto in a research note on Monday, August 8th. They set a “buy” rating on the stock. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Li Auto has an average rating of “Buy” and a consensus price target of $42.69.

About Li Auto

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Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities.

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Institutional Ownership by Quarter for Li Auto (NASDAQ:LI)

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