Li Auto Inc. (NASDAQ:LI) Stock Holdings Lessened by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. decreased its position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 93.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,814 shares of the company's stock after selling 626,000 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Li Auto were worth $1,099,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LI. Daiwa Securities Group Inc. increased its holdings in shares of Li Auto by 16.7% during 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 bought a new position in Li Auto in the 4th quarter valued at about $129,000. Blue Trust Inc. increased its stake in Li Auto by 66.2% during the 4th quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock valued at $130,000 after buying an additional 2,015 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Li Auto during the 4th quarter worth about $191,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Li Auto in the 4th quarter worth approximately $223,000. Institutional investors own 9.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Nomura Securities raised Li Auto to a "hold" rating in a report on Monday, March 17th. Macquarie lowered Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price objective for the company. in a report on Monday, March 17th. Cfra Research raised Li Auto to a "strong sell" rating in a report on Friday, March 21st. JPMorgan Chase & Co. raised shares of Li Auto from a "neutral" rating to an "overweight" rating and upped 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 stock a "buy" rating in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $35.73.

Li Auto Trading Down 6.9 %

Shares of LI traded down $1.70 during midday trading on Friday, hitting $23.07. The stock had a trading volume of 8,316,042 shares, compared to its average volume of 7,189,956. The business has a 50-day simple moving average of $26.50 and a two-hundred day simple moving average of $25.07. The firm has a market cap of $24.48 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 3.27 and a beta of 0.94. 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 Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $33.12.

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.