Franchise Capital Ltd Sells 22,624 Shares of Li Auto Inc. (NASDAQ:LI)

Franchise Capital Ltd lessened its position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 243,522 shares of the company's stock after selling 22,624 shares during the quarter. Li Auto makes up 2.3% of Franchise Capital Ltd's holdings, making the stock its 7th biggest position. Franchise Capital Ltd's holdings in Li Auto were worth $6,246,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Corient Private Wealth LLC increased its position in shares of Li Auto by 5.3% in the fourth quarter. Corient Private Wealth LLC now owns 12,664 shares of the company's stock valued at $474,000 after buying an additional 641 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its position in Li Auto by 204.3% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 18,386 shares of the company's stock worth $688,000 after acquiring an additional 12,343 shares during the period. Capital International Investors lifted its holdings in Li Auto by 63.2% during the fourth quarter. Capital International Investors now owns 384,978 shares of the company's stock valued at $14,410,000 after purchasing an additional 149,099 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Li Auto by 4.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 37,479 shares of the company's stock valued at $1,403,000 after purchasing an additional 1,679 shares during the period. Finally, Brilliance Asset Management Ltd. grew its position in shares of Li Auto by 6.9% in the fourth quarter. Brilliance Asset Management Ltd. now owns 4,639,798 shares of the company's stock valued at $173,668,000 after purchasing an additional 299,531 shares during the period. Hedge funds and other institutional investors own 9.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LI shares. Bank of America boosted their price target on Li Auto from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Macquarie reaffirmed a "neutral" rating and set a $33.00 target price (up previously from $25.00) on shares of Li Auto in a report on Friday. JPMorgan Chase & Co. reduced their target price on shares of Li Auto from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, August 29th. Finally, Citigroup boosted their price target on shares of Li Auto from $25.50 to $29.60 and gave the stock a "neutral" rating in a research report on Monday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Li Auto has a consensus rating of "Moderate Buy" and a consensus price target of $32.66.

Li Auto Trading Up 1.6 %

Shares of NASDAQ:LI traded up $0.46 during mid-day trading on Friday, reaching $29.29. 11,080,650 shares of the company were exchanged, compared to its average volume of 8,039,991. Li Auto Inc. has a 1 year low of $17.44 and a 1 year high of $46.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.76 and a quick ratio of 1.63. The firm's 50-day simple moving average is $20.87 and its 200 day simple moving average is $22.92. The firm has a market cap of $31.07 billion, a price-to-earnings ratio of 19.52 and a beta of 0.98.

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

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.