Harel Insurance Investments & Financial Services Ltd. Sells 1,072 Shares of Li Auto Inc. (NASDAQ:LI)

Harel Insurance Investments & Financial Services Ltd. reduced its holdings in shares of Li Auto Inc. (NASDAQ:LI) by 48.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,162 shares of the company’s stock after selling 1,072 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Li Auto were worth $43,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Captrust Financial Advisors increased its holdings in Li Auto by 584.1% during 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. IFP Advisors Inc increased its holdings in Li Auto by 233.3% during the 2nd quarter. IFP Advisors Inc now owns 1,000 shares of the company’s stock worth $35,000 after purchasing an additional 700 shares during the period. Concourse Financial Group Securities Inc. increased its holdings in Li Auto by 186.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock worth $51,000 after purchasing an additional 930 shares during the period. Atlas Capital Advisors LLC purchased a new position in Li Auto during the 2nd quarter worth $64,000. Finally, CWM LLC increased its holdings in Li Auto by 59.5% during the 3rd quarter. CWM LLC now owns 1,812 shares of the company’s stock worth $65,000 after purchasing an additional 676 shares during the period. 9.88% of the stock is owned by institutional investors.

Li Auto Stock Down 0.7 %

Shares of LI stock opened at $28.41 on Wednesday. Li Auto Inc. has a 1-year low of $21.48 and a 1-year high of $47.33. The stock’s fifty day moving average price is $33.71 and its 200 day moving average price is $34.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.48. The company has a market cap of $30.14 billion, a price-to-earnings ratio of 18.33 and a beta of 1.04.

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Macquarie assumed coverage on Li Auto in a report on Monday. They set an “outperform” rating and a $40.00 price objective on the stock. Deutsche Bank Aktiengesellschaft upgraded Li Auto from a “hold” rating to a “buy” rating and cut their price target for the company from $45.00 to $41.00 in a report on Tuesday, February 6th. Morgan Stanley cut their price target on Li Auto from $74.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, March 25th. The Goldman Sachs Group assumed coverage on Li Auto in a report on Wednesday, January 3rd. They issued a “buy” rating on the stock. Finally, Bank of America cut their price target on Li Auto from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $47.36.

Li Auto Profile

Li Auto Inc, through its subsidiaries, 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 also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.