Li Auto Inc. (NASDAQ:LI) Shares Sold by US Bancorp DE

US Bancorp DE lessened its stake in shares of Li Auto Inc. (NASDAQ:LIGet Rating) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,344 shares of the company’s stock after selling 787 shares during the period. US Bancorp DE’s holdings in Li Auto were worth $446,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brilliance Asset Management Ltd. increased its holdings in Li Auto by 410.0% in the second quarter. Brilliance Asset Management Ltd. now owns 4,441,064 shares of the company’s stock worth $170,137,000 after buying an additional 3,570,232 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Li Auto by 161.0% in the first quarter. Renaissance Technologies LLC now owns 4,473,700 shares of the company’s stock valued at $115,466,000 after acquiring an additional 2,759,800 shares during the period. RWC Asset Advisors US LLC bought a new stake in shares of Li Auto in the second quarter valued at approximately $51,922,000. Ariose Capital Management Ltd acquired a new position in shares of Li Auto in the second quarter valued at $45,814,000. Finally, Wellington Management Group LLP acquired a new position in shares of Li Auto in the first quarter valued at $29,649,000. Institutional investors and hedge funds own 20.97% of the company’s stock.

Li Auto Price Performance

Shares of LI opened at $22.06 on Monday. The company has a current ratio of 2.83, a quick ratio of 2.58 and a debt-to-equity ratio of 0.20. Li Auto Inc. has a 1 year low of $12.52 and a 1 year high of $41.49. The stock has a market cap of $22.99 billion, a P/E ratio of -76.07 and a beta of 0.64. The stock’s 50-day moving average price is $20.37 and its two-hundred day moving average price is $24.52.

Li Auto (NASDAQ:LIGet Rating) last announced its earnings results on Friday, December 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.01. Li Auto had a negative return on equity of 4.35% and a negative net margin of 4.80%. The business had revenue of $1.31 billion for the quarter. On average, equities analysts predict that Li Auto Inc. will post -0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LI has been the subject of several recent analyst reports. CLSA dropped their price objective on Li Auto from $49.00 to $31.00 in a research note on Thursday, December 15th. Jefferies Financial Group initiated coverage on Li Auto in a research note on Monday, November 28th. They issued a “buy” rating and a $20.66 target price for the company. DBS Vickers initiated coverage on Li Auto in a report on Monday, November 28th. They issued a “buy” rating on the stock. Finally, Barclays decreased their price target on Li Auto from $40.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $37.05.

Li Auto Profile

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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.

See Also

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

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