Li Auto Inc. (NASDAQ:LI) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its holdings in shares of Li Auto Inc. (NASDAQ:LI – Get Rating) by 39.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 444,686 shares of the company’s stock after selling 288,149 shares during the period. First Trust Advisors LP’s holdings in Li Auto were worth $10,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors boosted its holdings in shares of Li Auto by 584.1% in the first quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock valued at $28,000 after acquiring an additional 917 shares in the last quarter. CoreCap Advisors LLC bought a new stake in shares of Li Auto in the 2nd quarter worth $54,000. Activest Wealth Management lifted its holdings in shares of 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 buying an additional 1,500 shares during the period. Desjardins Global Asset Management Inc. bought a new position in Li Auto during the second quarter valued at about $70,000. Finally, Quadrant Capital Group LLC grew its holdings in Li Auto by 66.4% during the third quarter. Quadrant Capital Group LLC now owns 3,735 shares of the company’s stock worth $86,000 after acquiring an additional 1,490 shares during the period. 20.97% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Trading Down 0.3 %

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

Li Auto (NASDAQ:LI – Get Rating) last posted 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 net margin of 4.30% and a negative return on equity of 4.48%. The business had revenue of $1.31 billion during the quarter. As a group, analysts predict that Li Auto Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Li Auto from $25.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, February 28th. HSBC lifted their price target on shares of Li Auto from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, March 3rd. Citigroup raised their price objective on Li Auto from $48.00 to $51.50 and gave the stock a “buy” rating in a research note on Thursday, February 9th. DBS Vickers started coverage on Li Auto in a research report on Monday, November 28th. They set a “buy” rating on the stock. Finally, Jefferies Financial Group assumed coverage on Li Auto in a report on Monday, November 28th. They set a “buy” rating and a $20.66 target price for the company. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Li Auto currently has an average rating of “Buy” and a consensus price target of $37.04.

Li Auto Profile

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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.