DRW Securities LLC Reduces Stake in Li Auto Inc. (NASDAQ:LI)

DRW Securities LLC cut its holdings in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 87.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,662 shares of the company's stock after selling 59,735 shares during the period. DRW Securities LLC's holdings in Li Auto were worth $222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Li Auto by 58.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company's stock valued at $28,000 after acquiring an additional 573 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in shares of Li Auto by 2.6% in the second quarter. China Universal Asset Management Co. Ltd. now owns 31,000 shares of the company's stock valued at $554,000 after purchasing an additional 800 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Li Auto by 55.9% during the third quarter. Blue Trust Inc. now owns 3,043 shares of the company's stock valued at $78,000 after purchasing an additional 1,091 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Li Auto during the third quarter worth about $39,000. Finally, Venturi Wealth Management LLC bought a new stake in Li Auto in the 3rd quarter worth about $50,000. Institutional investors and hedge funds own 9.88% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on LI. Macquarie reissued a "neutral" rating and set a $33.00 target price (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Barclays boosted their price objective on Li Auto from $22.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. decreased their target price on Li Auto from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, August 29th. Bank of America boosted their price target on shares of Li Auto from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Finally, Citigroup raised their price objective on shares of Li Auto from $25.50 to $29.60 and gave the stock a "neutral" rating in a report on Monday, September 30th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.94.

Li Auto Trading Up 6.8 %

Shares of LI opened at $23.31 on Thursday. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $46.44. The business has a 50-day moving average of $25.28 and a 200 day moving average of $21.87. The firm has a market cap of $24.73 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76.

Li Auto (NASDAQ:LI - Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. Li Auto had a net margin of 7.20% and a return on equity of 13.03%. The firm had revenue of $4.36 billion during the quarter. As a group, research analysts forecast that Li Auto Inc. will post 1.04 EPS for the current year.

About Li Auto

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.