Li Auto Inc. (NASDAQ:LI) Position Decreased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its holdings in shares of Li Auto Inc. (NASDAQ:LI) by 10.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,766 shares of the company’s stock after selling 691 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Li Auto were worth $216,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LI. Tudor Investment Corp Et Al boosted its holdings in shares of Li Auto by 603.8% in the third quarter. Tudor Investment Corp Et Al now owns 160,099 shares of the company’s stock worth $5,708,000 after buying an additional 137,350 shares during the period. Rafferty Asset Management LLC boosted its holdings in shares of Li Auto by 123.4% in the third quarter. Rafferty Asset Management LLC now owns 21,992 shares of the company’s stock worth $784,000 after buying an additional 12,149 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Li Auto in the third quarter worth about $6,787,000. American Century Companies Inc. boosted its holdings in shares of Li Auto by 19.4% in the third quarter. American Century Companies Inc. now owns 296,355 shares of the company’s stock worth $10,565,000 after buying an additional 48,089 shares during the period. Finally, Calamos Wealth Management LLC acquired a new position in shares of Li Auto in the third quarter worth about $1,121,000. Institutional investors own 9.88% of the company’s stock.

Analyst Upgrades and Downgrades

LI has been the subject of several recent analyst reports. Barclays decreased their target price on shares of Li Auto from $56.00 to $39.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a “hold” rating to a “buy” rating and decreased their price target for the stock from $45.00 to $41.00 in a report on Tuesday, February 6th. Bank of America decreased their price target on shares of Li Auto from $60.00 to $55.00 and set a “buy” rating for the company in a report on Monday, March 18th. Macquarie began 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. Finally, Morgan Stanley decreased their price target on shares of Li Auto from $74.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, March 25th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Li Auto presently has a consensus rating of “Buy” and an average target price of $47.36.

Li Auto Price Performance

Shares of LI opened at $23.87 on Thursday. The firm has a market cap of $25.33 billion, a PE ratio of 15.40 and a beta of 1.04. The firm’s 50 day moving average price is $33.23 and its 200 day moving average price is $33.87. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.48 and a current ratio of 1.57. Li Auto Inc. has a twelve month low of $21.48 and a twelve month high of $47.33.

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

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.