Li Auto Inc. (NASDAQ:LI) Shares Sold by LPL Financial LLC

LPL Financial LLC reduced its stake in Li Auto Inc. (NASDAQ:LI) by 55.1% during the 4th quarter, Holdings Channel reports. The fund owned 9,570 shares of the company’s stock after selling 11,744 shares during the period. LPL Financial LLC’s holdings in Li Auto were worth $230,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in LI. Daiwa Securities Group Inc. grew its position in shares of Li Auto by 16.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock valued at $84,000 after purchasing an additional 500 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Li Auto in the 4th quarter worth about $129,000. Blue Trust Inc. boosted its stake in Li Auto by 66.2% in the 4th quarter. Blue Trust Inc. now owns 5,058 shares of the company’s stock worth $130,000 after buying an additional 2,015 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Li Auto in the 4th quarter valued at about $191,000. Finally, Ballentine Partners LLC acquired a new position in shares of Li Auto during the 4th quarter valued at about $223,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Wall Street Analyst Weigh In

LI has been the topic of several research analyst reports. HSBC set a $38.50 target price on shares of Li Auto and gave the stock a “buy” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. raised shares of Li Auto from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $22.00 to $40.00 in a research note on Friday, February 28th. Nomura Securities raised Li Auto to a “hold” rating in a research report on Monday, March 17th. Macquarie cut Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 target price on the stock. in a report on Monday, March 17th. Finally, Cfra Research upgraded Li Auto to a “strong sell” rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $35.73.

Li Auto Trading Down 0.5 %

Shares of LI opened at $24.17 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $33.12. The stock has a market cap of $25.31 billion, a PE ratio of 17.90, a P/E/G ratio of 3.27 and a beta of 0.94. The stock’s 50-day moving average is $25.70 and its two-hundred day moving average is $24.64.

Li Auto 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.