Handelsbanken Fonder AB Sells 35,000 Shares of Li Auto Inc. (NASDAQ:LI)

Handelsbanken Fonder AB trimmed its position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,000 shares of the company's stock after selling 35,000 shares during the period. Handelsbanken Fonder AB's holdings in Li Auto were worth $840,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Li Auto in the third quarter valued at approximately $39,000. Venturi Wealth Management LLC purchased a new stake in shares of Li Auto during the third quarter worth $50,000. BNP Paribas lifted its position in shares of Li Auto by 300.0% during the third quarter. BNP Paribas now owns 2,000 shares of the company's stock worth $51,000 after acquiring an additional 1,500 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Li Auto by 708.5% in the third quarter. Avior Wealth Management LLC now owns 2,385 shares of the company's stock worth $61,000 after acquiring an additional 2,090 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Li Auto by 66.2% in the fourth quarter. Blue Trust Inc. now owns 5,058 shares of the company's stock valued at $130,000 after purchasing an additional 2,015 shares in the last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LI has been the topic of a number of recent research reports. Macquarie raised Li Auto from a "neutral" rating to an "outperform" rating in a report on Thursday, February 6th. Barclays upped their price target on Li Auto from $22.00 to $31.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. upgraded shares of Li Auto from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $22.00 to $40.00 in a research report on Friday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.27.

Li Auto Price Performance

NASDAQ LI traded down $3.36 during trading on Monday, reaching $27.37. The company's stock had a trading volume of 10,923,413 shares, compared to its average volume of 7,216,266. The firm has a fifty day moving average of $24.83 and a 200 day moving average of $23.90. Li Auto Inc. has a one year low of $17.44 and a one year high of $40.70. The stock has a market capitalization of $29.04 billion, a PE ratio of 20.27, a P/E/G ratio of 3.27 and a beta of 0.92. 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

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.