Ensign Peak Advisors Inc Trims Position in Li Auto Inc. (NASDAQ:LI)

Ensign Peak Advisors Inc trimmed its position in Li Auto Inc. (NASDAQ:LI – Get Rating) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,300 shares of the company’s stock after selling 750 shares during the period. Ensign Peak Advisors Inc’s holdings in Li Auto were worth $904,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prudential PLC lifted its holdings in shares of Li Auto by 32.3% during the third quarter. Prudential PLC now owns 137,198 shares of the company’s stock valued at $3,157,000 after purchasing an additional 33,506 shares in the last quarter. B. Metzler seel. Sohn & Co. AG lifted its holdings in Li Auto by 33.7% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 24,792 shares of the company’s stock valued at $950,000 after acquiring an additional 6,253 shares during the period. Barclays PLC lifted its holdings in Li Auto by 30.3% in the third quarter. Barclays PLC now owns 586,306 shares of the company’s stock valued at $13,492,000 after acquiring an additional 136,456 shares during the period. Activest Wealth Management lifted its holdings in Li Auto by 103.3% in the third quarter. Activest Wealth Management now owns 2,952 shares of the company’s stock valued at $68,000 after acquiring an additional 1,500 shares during the period. Finally, Desjardins Global Asset Management Inc. lifted its holdings in Li Auto by 540.4% in the third quarter. Desjardins Global Asset Management Inc. now owns 11,655 shares of the company’s stock valued at $268,000 after acquiring an additional 9,835 shares during the period. 20.97% of the stock is owned by hedge funds and other institutional investors.

Li Auto Price Performance

NASDAQ:LI opened at $21.37 on Monday. The firm has a market capitalization of $22.27 billion, a price-to-earnings ratio of -71.23 and a beta of 0.75. Li Auto Inc. has a 1 year low of $12.52 and a 1 year high of $41.49. The business has a 50 day simple moving average of $23.63 and a 200-day simple moving average of $22.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.45 and a quick ratio of 2.20.

Li Auto (NASDAQ:LI – Get Rating) last issued its quarterly earnings results on Friday, December 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.01. Li Auto had a negative return on equity of 4.48% and a negative net margin of 4.30%. The firm had revenue of $1.31 billion during the quarter. Equities analysts forecast that Li Auto Inc. will post 0.29 EPS for the current year.

Analyst Upgrades and Downgrades

LI has been the topic of a number of recent research reports. CLSA lowered their target price on Li Auto from $49.00 to $31.00 in a report on Thursday, December 15th. Jefferies Financial Group initiated coverage on Li Auto in a report on Monday, November 28th. They issued a “buy” rating and a $20.66 target price on the stock. Citigroup increased their target price on Li Auto from $48.00 to $51.50 and gave the company a “buy” rating in a report on Thursday, February 9th. Barclays raised their price objective on Li Auto from $25.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 28th. Finally, DBS Vickers assumed coverage on Li Auto in a research note on Monday, November 28th. They issued a “buy” rating on the stock. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $37.04.

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.