SIH Partners LLLP Trims Stock Position in Li Auto Inc. (NASDAQ:LI)

SIH Partners LLLP reduced its holdings in Li Auto Inc. (NASDAQ:LI - Free Report) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 784,880 shares of the company's stock after selling 106,020 shares during the quarter. Li Auto comprises 13.6% of SIH Partners LLLP's holdings, making the stock its 4th largest holding. SIH Partners LLLP owned 0.07% of Li Auto worth $14,034,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LI. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Li Auto during the 2nd quarter worth about $21,626,000. Franchise Capital Ltd increased its holdings in shares of Li Auto by 163.2% during the fourth quarter. Franchise Capital Ltd now owns 975,250 shares of the company's stock valued at $36,504,000 after acquiring an additional 604,773 shares in the last quarter. FIFTHDELTA Ltd acquired a new position in shares of Li Auto during the first quarter worth approximately $14,816,000. OLD Mission Capital LLC bought a new position in shares of Li Auto in the 4th quarter worth $17,696,000. Finally, Tiger Pacific Capital LP acquired a new stake in Li Auto in the 4th quarter valued at $11,416,000. 9.88% of the stock is currently owned by institutional investors.

Li Auto Price Performance

Shares of LI traded up $0.41 during mid-day trading on Friday, reaching $25.78. 13,805,576 shares of the stock traded hands, compared to its average volume of 7,830,579. The company has a current ratio of 1.76, a quick ratio of 1.63 and a debt-to-equity ratio of 0.14. Li Auto Inc. has a 1 year low of $17.44 and a 1 year high of $46.44. The company has a market cap of $27.35 billion, a price-to-earnings ratio of 17.19 and a beta of 0.96. The firm has a fifty day moving average price of $20.17 and a 200 day moving average price of $23.19.

Li Auto (NASDAQ:LI - Get Free Report) last announced its earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $4.36 billion during the quarter. Li Auto had a net margin of 7.65% and a return on equity of 13.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LI. JPMorgan Chase & Co. decreased their price objective on Li Auto from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, August 29th. Bank of America upped their price objective on shares of Li Auto from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Finally, Citigroup lifted their target price on Li Auto from $21.60 to $25.50 and gave the stock a "neutral" rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $33.07.

Li Auto 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.