Schonfeld Strategic Advisors LLC cut its stake in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 55.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,800 shares of the company's stock after selling 64,733 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Li Auto were worth $1,243,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in LI. Barclays PLC grew its holdings in shares of Li Auto by 41.8% during the third quarter. Barclays PLC now owns 602,028 shares of the company's stock valued at $15,442,000 after purchasing an additional 177,414 shares during the last quarter. Ballentine Partners LLC acquired a new position in shares of Li Auto during the fourth quarter worth approximately $223,000. Atomi Financial Group Inc. acquired a new position in shares of Li Auto during the fourth quarter worth approximately $271,000. SG Americas Securities LLC boosted its position in shares of Li Auto by 26.9% during the fourth quarter. SG Americas Securities LLC now owns 212,415 shares of the company's stock worth $5,096,000 after buying an additional 45,008 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Li Auto by 66.2% during the fourth 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 period. 9.88% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
LI has been the subject of several analyst reports. Macquarie downgraded Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective for the company. in a research report on Monday, March 17th. Nomura Securities upgraded shares of Li Auto to a "hold" rating in a research note on Monday, March 17th. HSBC set a $38.50 price objective on shares of Li Auto and gave the company a "buy" rating in a research note on Thursday, March 6th. Cfra Research upgraded Li Auto to a "strong sell" rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. raised Li Auto from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Li Auto currently has an average rating of "Hold" and a consensus target price of $35.73.
View Our Latest Report on LI
Li Auto Price Performance
Shares of NASDAQ:LI traded down $0.50 on Tuesday, reaching $27.88. 1,102,772 shares of the company traded hands, compared to its average volume of 6,806,329. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $33.12. The company's 50 day moving average is $25.10 and its 200-day moving average is $24.63. The stock has a market capitalization of $29.19 billion, a PE ratio of 20.65, a P/E/G ratio of 3.27 and a beta of 0.95. 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 Company Profile
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Free Report)
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.
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