Li Auto Inc. (NASDAQ:LI) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S cut its stake in Li Auto Inc. (NASDAQ:LIFree Report) by 26.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,088 shares of the company’s stock after selling 30,872 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Li Auto were worth $2,667,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Scarborough Advisors LLC acquired a new stake in shares of Li Auto in the fourth quarter worth approximately $41,000. Rakuten Securities Inc. acquired a new position in Li Auto during the fourth quarter valued at approximately $57,000. Barometer Capital Management Inc. acquired a new position in Li Auto during the fourth quarter valued at approximately $135,000. Tucker Asset Management LLC acquired a new position in Li Auto during the third quarter valued at approximately $217,000. Finally, Ballentine Partners LLC lifted its position in Li Auto by 20.6% during the first quarter. Ballentine Partners LLC now owns 7,199 shares of the company’s stock valued at $218,000 after buying an additional 1,232 shares in the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

Li Auto Stock Performance

Shares of LI opened at $20.73 on Thursday. Li Auto Inc. has a 1 year low of $17.75 and a 1 year high of $47.33. The company has a market cap of $21.99 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 2.44 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.37 and a current ratio of 1.53. The firm has a fifty day moving average of $21.42 and a 200-day moving average of $28.31.

Li Auto (NASDAQ:LIGet Free Report) last announced its quarterly earnings results on Monday, May 20th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $3.55 billion during the quarter. Li Auto had a net margin of 8.73% and a return on equity of 16.65%. As a group, equities analysts anticipate that Li Auto Inc. will post 1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LI has been the topic of a number of recent research reports. Barclays reduced their price target on shares of Li Auto from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 21st. Citigroup dropped their price objective on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Macquarie started coverage on shares of Li Auto in a research note on Monday, April 15th. They set an “outperform” rating and a $40.00 price objective on the stock. Morgan Stanley dropped their price objective on shares of Li Auto from $65.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 21st. Finally, Bank of America dropped their price objective on shares of Li Auto from $41.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Li Auto presently has a consensus rating of “Moderate Buy” and an average target price of $40.08.

Check Out Our Latest Research Report on LI

Li Auto Company 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.

See Also

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

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