Vontobel Holding Ltd. Cuts Position in Li Auto Inc. (NASDAQ:LI)

Vontobel Holding Ltd. cut its holdings in Li Auto Inc. (NASDAQ:LI - Free Report) by 55.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,138 shares of the company's stock after selling 28,346 shares during the quarter. Vontobel Holding Ltd.'s holdings in Li Auto were worth $593,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LI. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Li Auto by 58.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company's stock worth $28,000 after acquiring an additional 573 shares during the period. Blue Trust Inc. raised its stake in shares of Li Auto by 1,707.4% during the 2nd quarter. Blue Trust Inc. now owns 1,952 shares of the company's stock worth $35,000 after buying an additional 1,844 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Li Auto by 20.6% in the 1st quarter. Ballentine Partners LLC now owns 7,199 shares of the company's stock worth $218,000 after buying an additional 1,232 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Li Auto in the 1st quarter valued at about $219,000. Finally, QRG Capital Management Inc. purchased a new position in Li Auto during the 1st quarter valued at about $224,000. Institutional investors and hedge funds own 9.88% of the company's stock.

Li Auto Trading Up 3.3 %

NASDAQ LI traded up $0.83 during trading hours on Tuesday, hitting $26.09. 6,445,972 shares of the company's stock were exchanged, compared to its average volume of 8,052,771. The business's 50 day moving average is $22.65 and its 200-day moving average is $22.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 1.76. Li Auto Inc. has a 12-month low of $17.44 and a 12-month high of $46.44. The firm has a market capitalization of $27.68 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 2.54 and a beta of 0.98.

Li Auto (NASDAQ:LI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. Li Auto had a net margin of 7.65% and a return on equity of 13.70%. The business had revenue of $4.36 billion for the quarter. As a group, analysts anticipate that Li Auto Inc. will post 1.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Li Auto from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, August 29th. Citigroup upped their target price on Li Auto from $25.50 to $29.60 and gave the company a "neutral" rating in a research note on Monday, September 30th. Macquarie reissued a "neutral" rating and set a $33.00 price target (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Finally, Bank of America upped their price objective on Li Auto from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.66.

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.