Sigma Planning Corp bought a new stake in Li Auto Inc. (NASDAQ:LI – Get Rating) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 10,090 shares of the company’s stock, valued at approximately $387,000.
Other large investors have also recently bought and sold shares of the company. Captrust Financial Advisors lifted its position in shares of Li Auto by 584.1% in the 1st quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock worth $28,000 after purchasing an additional 917 shares during the period. Elequin Capital LP acquired a new position in shares of Li Auto in the 1st quarter worth approximately $32,000. Prospera Financial Services Inc acquired a new position in shares of Li Auto in the 1st quarter worth approximately $65,000. Desjardins Global Asset Management Inc. acquired a new position in shares of Li Auto in the 2nd quarter worth approximately $70,000. Finally, US Bancorp DE lifted its position in shares of Li Auto by 20.2% in the 1st quarter. US Bancorp DE now owns 3,890 shares of the company’s stock worth $100,000 after purchasing an additional 653 shares during the period. 21.99% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on LI shares. CLSA started coverage on shares of Li Auto in a research report on Monday, August 8th. They issued a “buy” rating on the stock. Barclays dropped their price target on shares of Li Auto from $40.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. Finally, TheStreet lowered shares of Li Auto from a “c” rating to a “d+” rating in a research note on Monday, September 12th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Li Auto has a consensus rating of “Buy” and a consensus price target of $40.60.
Li Auto Stock Performance
Li Auto Company Profile
Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities.
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