Vontobel Holding Ltd. Reduces Position in Li Auto Inc. (NASDAQ:LI)

Vontobel Holding Ltd. lowered its position in Li Auto Inc. (NASDAQ:LI) by 33.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 62,998 shares of the company’s stock after selling 31,037 shares during the period. Vontobel Holding Ltd.’s holdings in Li Auto were worth $2,358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of LI. Vanguard Group Inc. increased its holdings in shares of Li Auto by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 19,781,600 shares of the company’s stock valued at $455,175,000 after acquiring an additional 621,085 shares during the period. Norges Bank acquired a new stake in Li Auto during the 4th quarter worth $127,155,000. Renaissance Technologies LLC grew its position in Li Auto by 161.0% during the 1st quarter. Renaissance Technologies LLC now owns 4,473,700 shares of the company’s stock worth $115,466,000 after purchasing an additional 2,759,800 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Li Auto by 27.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,737,690 shares of the company’s stock valued at $93,257,000 after purchasing an additional 796,070 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Li Auto by 5.4% in the first quarter. Northern Trust Corp now owns 1,796,082 shares of the company’s stock valued at $46,356,000 after buying an additional 92,266 shares during the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

Li Auto Trading Up 1.6 %

NASDAQ:LI opened at $29.18 on Friday. Li Auto Inc. has a 52-week low of $21.48 and a 52-week high of $47.33. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $33.65 and a 200-day simple moving average of $34.15. The company has a market capitalization of $30.96 billion, a PE ratio of 18.83 and a beta of 1.04.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.49 earnings per share (EPS) for the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. The company had revenue of $5.88 billion for the quarter. On average, equities research analysts expect that Li Auto Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on LI. Deutsche Bank Aktiengesellschaft raised Li Auto from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $45.00 to $41.00 in a research report on Tuesday, February 6th. Citigroup decreased their price target on Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a report on Friday, March 22nd. The Goldman Sachs Group initiated coverage on shares of Li Auto in a research report on Wednesday, January 3rd. They issued a “buy” rating on the stock. Bank of America cut their price objective on shares of Li Auto from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, March 18th. Finally, Morgan Stanley lowered their target price on shares of Li Auto from $74.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, March 25th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $47.36.

Li Auto Company 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.