Li Auto Inc. (NASDAQ:LI) Shares Sold by FIL Ltd

FIL Ltd trimmed its holdings in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 37.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,823 shares of the company's stock after selling 79,357 shares during the quarter. FIL Ltd's holdings in Li Auto were worth $3,210,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Daiwa Securities Group Inc. raised its position in Li Auto by 16.7% during the 4th 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 in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Li Auto in the fourth quarter valued at about $129,000. Blue Trust Inc. raised its holdings 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 acquiring an additional 2,015 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Li Auto in the fourth quarter worth about $191,000. Finally, Ballentine Partners LLC bought a new position in Li Auto during the 4th quarter worth about $223,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LI shares. Nomura Securities upgraded shares of 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 target price for the company. in a report on Monday, March 17th. Cfra Research raised Li Auto to a "strong sell" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. raised Li Auto from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $22.00 to $40.00 in a research report on Friday, February 28th. Finally, HSBC set a $38.50 price objective on Li Auto and gave the company a "buy" rating in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $35.73.

Li Auto Stock Up 1.8 %

LI stock traded up $0.40 on Friday, hitting $23.13. 2,813,184 shares of the company's stock were exchanged, compared to its average volume of 7,248,634. The firm has a 50 day moving average price of $26.03 and a two-hundred day moving average price of $24.94. Li Auto Inc. has a 12-month low of $17.44 and a 12-month high of $33.12. The stock has a market cap of $24.22 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 3.27 and a beta of 0.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76.

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.