Li Auto Inc. (NASDAQ:LI) Position Reduced by Raymond James & Associates

Raymond James & Associates reduced its stake in shares of Li Auto Inc. (NASDAQ:LI) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,106 shares of the company’s stock after selling 5,138 shares during the period. Raymond James & Associates’ holdings in Li Auto were worth $790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of LI. Advisors Asset Management Inc. raised its position in shares of Li Auto by 3.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 14,458 shares of the company’s stock valued at $515,000 after acquiring an additional 469 shares in the last quarter. Signaturefd LLC lifted its position in shares of Li Auto by 7.1% in the 3rd quarter. Signaturefd LLC now owns 8,613 shares of the company’s stock worth $307,000 after buying an additional 569 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in shares of Li Auto by 40.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 2,046 shares of the company’s stock valued at $72,000 after buying an additional 594 shares during the period. CWM LLC grew its position in shares of Li Auto by 59.5% during the 3rd quarter. CWM LLC now owns 1,812 shares of the company’s stock valued at $65,000 after buying an additional 676 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Li Auto by 4.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 19,650 shares of the company’s stock worth $701,000 after acquiring an additional 823 shares during the period. Institutional investors own 9.88% of the company’s stock.

Li Auto Trading Down 0.4 %

Shares of NASDAQ:LI opened at $24.81 on Wednesday. Li Auto Inc. has a twelve month low of $21.48 and a twelve month high of $47.33. The company has a current ratio of 1.57, a quick ratio of 1.48 and a debt-to-equity ratio of 0.03. The firm has a market cap of $26.32 billion, a P/E ratio of 16.01 and a beta of 1.05. The company has a 50 day moving average of $33.35 and a 200-day moving average of $33.94.

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 return on equity of 18.37% and a net margin of 9.44%. The firm had revenue of $5.88 billion during the quarter. As a group, analysts anticipate that Li Auto Inc. will post 1.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on LI shares. Deutsche Bank Aktiengesellschaft upgraded Li Auto from a “hold” rating to a “buy” rating and decreased their target price for the company from $45.00 to $41.00 in a research note on Tuesday, February 6th. Citigroup dropped their target price on Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Macquarie assumed coverage on shares of Li Auto in a report on Monday, April 15th. They set an “outperform” rating and a $40.00 price target for the company. Barclays lowered their price target on shares of Li Auto from $56.00 to $39.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Finally, Bank of America cut their price objective on shares of Li Auto from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, March 18th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $47.36.

Li Auto Company Profile

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