Pacer Advisors Inc. reduced its stake in Li Auto Inc. (NASDAQ:LI - Free Report) by 21.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,015 shares of the company's stock after selling 22,910 shares during the period. Pacer Advisors Inc.'s holdings in Li Auto were worth $1,968,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in Li Auto during the third quarter worth about $39,000. Venturi Wealth Management LLC bought a new position in Li Auto during the third quarter worth about $50,000. BNP Paribas lifted its holdings in Li Auto by 300.0% during the third quarter. BNP Paribas now owns 2,000 shares of the company's stock worth $51,000 after acquiring an additional 1,500 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Li Auto by 708.5% during the third quarter. Avior Wealth Management LLC now owns 2,385 shares of the company's stock worth $61,000 after acquiring an additional 2,090 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Li Auto by 55.9% during the third quarter. Blue Trust Inc. now owns 3,043 shares of the company's stock worth $78,000 after acquiring an additional 1,091 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors.
Li Auto Stock Up 6.0 %
Shares of NASDAQ:LI traded up $1.37 during midday trading on Tuesday, reaching $24.25. The company had a trading volume of 8,671,289 shares, compared to its average volume of 3,958,458. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. The business's 50 day moving average price is $23.22 and its 200 day moving average price is $22.84. The stock has a market cap of $25.73 billion, a PE ratio of 17.96, a P/E/G ratio of 1.31 and a beta of 0.92. Li Auto Inc. has a 1-year low of $17.44 and a 1-year high of $46.44.
Analysts Set New Price Targets
Separately, Barclays lifted their price target on Li Auto from $22.00 to $31.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $33.94.
Read Our Latest Research Report on LI
Li Auto Profile
(
Free Report)
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.
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