KBC Group NV Reduces Holdings in Li Auto Inc. (NASDAQ:LI)

KBC Group NV lowered its position in Li Auto Inc. (NASDAQ:LIFree Report) by 88.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,799 shares of the company’s stock after selling 203,498 shares during the quarter. KBC Group NV’s holdings in Li Auto were worth $966,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ninety One UK Ltd purchased a new position in Li Auto during the 4th quarter valued at $35,896,000. Ariose Capital Management Ltd bought a new position in shares of Li Auto in the fourth quarter worth about $29,555,000. Qube Research & Technologies Ltd purchased a new position in Li Auto in the 3rd quarter worth about $24,312,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Li Auto by 9.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 561,658 shares of the company’s stock valued at $20,023,000 after buying an additional 49,330 shares in the last quarter. Finally, Aubrey Capital Management Ltd boosted its position in Li Auto by 22.0% in the 4th quarter. Aubrey Capital Management Ltd now owns 325,200 shares of the company’s stock valued at $12,172,000 after buying an additional 58,600 shares during the period. Institutional investors own 9.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Macquarie assumed coverage on shares of Li Auto in a research note on Monday, April 15th. They set an “outperform” rating and a $40.00 price target for the company. Morgan Stanley lowered their target price on Li Auto from $65.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. Barclays lowered their target price on Li Auto from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, May 21st. Bank of America cut their price target on Li Auto from $41.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. Finally, Citigroup dropped their target price on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a report on Friday, March 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Check Out Our Latest Research Report on LI

Li Auto Stock Performance

Shares of Li Auto stock opened at $20.08 on Friday. The firm has a market capitalization of $21.31 billion, a P/E ratio of 13.39, a PEG ratio of 1.86 and a beta of 1.00. Li Auto Inc. has a 52 week low of $19.38 and a 52 week high of $47.33. The company has a quick ratio of 1.37, a current ratio of 1.53 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average price of $25.60 and a 200 day moving average price of $31.07.

Li Auto Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Li Auto (NASDAQ:LI)

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