Assenagon Asset Management S.A. reduced its stake in shares of Li Auto Inc. (NASDAQ:LI – Free Report) by 23.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,327 shares of the company’s stock after selling 2,500 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Li Auto were worth $297,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Li Auto by 137.9% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 325,772 shares of the company’s stock valued at $8,226,000 after acquiring an additional 188,828 shares during the last quarter. US Bancorp DE grew its position in Li Auto by 20.2% in the first quarter. US Bancorp DE now owns 3,890 shares of the company’s stock valued at $100,000 after purchasing an additional 653 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Li Auto by 67.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,177 shares of the company’s stock worth $288,000 after acquiring an additional 4,485 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Li Auto in the first quarter valued at $966,000. Finally, APG Asset Management N.V. grew its stake in shares of Li Auto by 29.5% in the first quarter. APG Asset Management N.V. now owns 86,520 shares of the company’s stock valued at $2,007,000 after buying an additional 19,700 shares in the last quarter. 9.18% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
LI has been the subject of several research analyst reports. The Goldman Sachs Group started coverage on Li Auto in a research note on Wednesday, January 3rd. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft raised shares of Li Auto from a “hold” rating to a “buy” rating and cut their price objective for the company from $45.00 to $41.00 in a report on Tuesday. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $80.38.
Li Auto Trading Down 2.2 %
Shares of Li Auto stock opened at $30.26 on Thursday. The firm has a market capitalization of $32.11 billion, a PE ratio of 36.02 and a beta of 0.90. The company has a current ratio of 1.69, a quick ratio of 1.59 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $32.62 and its 200 day moving average is $36.48. Li Auto Inc. has a 1 year low of $20.80 and a 1 year high of $47.33.
Li Auto (NASDAQ:LI – Get Free Report) last posted its earnings results on Thursday, November 9th. The company reported $0.37 EPS for the quarter. The business had revenue of $4.75 billion for the quarter. Li Auto had a net margin of 6.26% and a return on equity of 12.73%. Equities research analysts forecast that Li Auto Inc. will post 0.91 earnings per share for the current fiscal year.
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 and Li L series smart electric vehicles. It also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.
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