Marshall Wace LLP Has $520,000 Holdings in Li Auto Inc. (NASDAQ:LI)

Marshall Wace LLP decreased its position in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 96.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 29,081 shares of the company's stock after selling 734,984 shares during the period. Marshall Wace LLP's holdings in Li Auto were worth $520,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Li Auto in the second quarter valued at approximately $21,626,000. Franchise Capital Ltd lifted its holdings in shares of Li Auto by 163.2% in the 4th quarter. Franchise Capital Ltd now owns 975,250 shares of the company's stock worth $36,504,000 after purchasing an additional 604,773 shares during the last quarter. SIH Partners LLLP grew its position in shares of Li Auto by 508.2% during the first quarter. SIH Partners LLLP now owns 890,900 shares of the company's stock worth $26,976,000 after acquiring an additional 744,419 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Li Auto by 20.5% during the second quarter. American Century Companies Inc. now owns 726,684 shares of the company's stock valued at $12,993,000 after buying an additional 123,838 shares during the last quarter. Finally, FIFTHDELTA Ltd acquired a new position in Li Auto during the 1st quarter worth $14,816,000. Institutional investors and hedge funds own 9.88% of the company's stock.

Li Auto Stock Down 3.8 %

LI traded down $1.05 during trading on Thursday, reaching $26.87. 8,719,458 shares of the stock were exchanged, compared to its average volume of 8,109,170. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 1.76. The stock's 50 day moving average price is $21.64 and its two-hundred day moving average price is $22.75. Li Auto Inc. has a twelve month low of $17.44 and a twelve month high of $46.44. The stock has a market cap of $28.51 billion, a P/E ratio of 17.92 and a beta of 0.98.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Bank of America upped their price objective on shares of Li Auto from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. decreased 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. Macquarie reaffirmed 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. Finally, Citigroup lifted their price target on Li Auto from $25.50 to $29.60 and gave the stock a "neutral" rating in a research 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's stock. According to MarketBeat.com, Li Auto currently has an average rating of "Moderate Buy" and an average price target of $32.66.

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.