Li Auto Inc. (NASDAQ:LI) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its stake in shares of Li Auto Inc. (NASDAQ:LI) by 19.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,106 shares of the company’s stock after selling 5,138 shares during the quarter. Raymond James & Associates’ holdings in Li Auto were worth $790,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Concourse Financial Group Securities Inc. grew its stake 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 buying an additional 930 shares during the last quarter. CWM LLC grew its position in shares of Li Auto by 59.5% during the third quarter. CWM LLC now owns 1,812 shares of the company’s stock worth $65,000 after acquiring an additional 676 shares during the last quarter. Ronald Blue Trust Inc. increased its holdings in shares of Li Auto by 40.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 2,046 shares of the company’s stock valued at $72,000 after acquiring an additional 594 shares during the period. Employees Retirement System of Texas purchased a new stake in Li Auto in the 3rd quarter valued at $130,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Li Auto during the 3rd quarter worth $215,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Stock Performance

NASDAQ:LI opened at $24.81 on Wednesday. The firm’s fifty day simple moving average is $33.35 and its 200-day simple moving average is $33.94. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The stock has a market cap of $26.32 billion, a PE ratio of 16.01 and a beta of 1.05. Li Auto Inc. has a fifty-two week low of $21.48 and a fifty-two week high of $47.33.

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

Wall Street Analysts Forecast Growth

LI has been the subject of several analyst reports. Bank of America reduced their price objective on Li Auto from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Barclays lowered their price objective on shares of Li Auto from $56.00 to $39.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft raised shares of Li Auto from a “hold” rating to a “buy” rating and dropped their price objective for the company from $45.00 to $41.00 in a research note on Tuesday, February 6th. Citigroup reduced their target price on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a research note on Friday, March 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of Li Auto in a research note on Wednesday, January 3rd. They set a “buy” rating on the stock. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $47.36.

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.