Li Auto Inc. (NASDAQ:LI) Shares Sold by US Bancorp DE

US Bancorp DE lessened its stake in shares of Li Auto Inc. (NASDAQ:LI) by 13.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,411 shares of the company’s stock after selling 1,430 shares during the period. US Bancorp DE’s holdings in Li Auto were worth $226,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of LI. Aspex Management HK Ltd raised its stake in Li Auto by 55.0% during the 3rd quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company’s stock valued at $273,017,000 after purchasing an additional 3,778,463 shares during the period. FMR LLC boosted its holdings in Li Auto by 422.4% during the third quarter. FMR LLC now owns 4,252,398 shares of the company’s stock valued at $109,074,000 after acquiring an additional 3,438,410 shares during the period. RWC Asset Advisors US LLC lifted its stake in shares of Li Auto by 20.0% in the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock valued at $76,313,000 after buying an additional 530,390 shares during the period. Barclays PLC lifted its stake in shares of Li Auto by 41.8% in the third quarter. Barclays PLC now owns 602,028 shares of the company’s stock valued at $15,442,000 after buying an additional 177,414 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Li Auto by 27.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 432,988 shares of the company’s stock valued at $11,106,000 after buying an additional 93,904 shares during the period. Institutional investors and hedge funds own 9.88% of the company’s stock.

Wall Street Analysts Forecast Growth

LI has been the subject of several recent research reports. Macquarie raised shares of Li Auto from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised shares of Li Auto from a “neutral” rating to an “overweight” rating and raised their price target for the company from $22.00 to $40.00 in a report on Friday, February 28th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Li Auto has an average rating of “Moderate Buy” and an average target price of $36.59.

Li Auto Trading Down 4.4 %

LI opened at $27.46 on Friday. The stock has a market capitalization of $29.14 billion, a P/E ratio of 20.34, a P/E/G ratio of 3.27 and a beta of 0.86. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $38.19. The firm’s fifty day simple moving average is $25.53 and its 200 day simple moving average is $24.33. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13.

Li Auto Company 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.