Stratos Wealth Partners LTD. Sells 520 Shares of Li Auto Inc. (NASDAQ:LI)

Stratos Wealth Partners LTD. lessened its stake in Li Auto Inc. (NASDAQ:LI) by 7.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,350 shares of the company’s stock after selling 520 shares during the period. Stratos Wealth Partners LTD.’s holdings in Li Auto were worth $238,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Captrust Financial Advisors raised its position in shares of Li Auto by 584.1% during the first quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock worth $28,000 after acquiring an additional 917 shares during the last quarter. IFP Advisors Inc increased its position in Li Auto by 233.3% in the second quarter. IFP Advisors Inc now owns 1,000 shares of the company’s stock worth $35,000 after purchasing an additional 700 shares during the period. Concourse Financial Group Securities Inc. raised its holdings in Li Auto by 186.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock worth $51,000 after purchasing an additional 930 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in Li Auto during the 2nd quarter valued at about $64,000. Finally, CWM LLC boosted its stake in shares of Li Auto by 59.5% in the 3rd quarter. CWM LLC now owns 1,812 shares of the company’s stock valued at $65,000 after purchasing an additional 676 shares during the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Price Performance

Shares of NASDAQ LI opened at $28.60 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.48. The business has a 50-day moving average of $33.76 and a 200-day moving average of $34.28. The stock has a market capitalization of $30.34 billion, a price-to-earnings ratio of 18.45 and a beta of 1.05. Li Auto Inc. has a fifty-two week low of $21.48 and a fifty-two week high of $47.33.

Li Auto (NASDAQ:LI) last released its earnings results on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. The business had revenue of $5.88 billion during the quarter. As a group, sell-side analysts predict that Li Auto Inc. will post 1.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LI has been the subject of a number of recent research reports. Citigroup dropped their price target on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a research note on Friday, March 22nd. Macquarie started coverage on Li Auto in a research note on Monday. They issued an “outperform” rating and a $40.00 price target on the stock. Morgan Stanley reduced their price target on Li Auto from $74.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, March 25th. Barclays dropped their price objective on Li Auto from $56.00 to $39.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Finally, Bank of America reduced their target price on Li Auto from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Li Auto presently has an average rating of “Buy” and a consensus price target of $47.36.

Li Auto Profile

Li Auto Inc, through its subsidiaries, 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 also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.