Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Li Auto Inc. (NASDAQ:LI - Free Report) by 77.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,907 shares of the company's stock after selling 296,322 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Li Auto were worth $2,204,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of Li Auto by 4.3% during the 3rd quarter. Van ECK Associates Corp now owns 219,995 shares of the company's stock valued at $5,955,000 after buying an additional 9,008 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Li Auto by 43.8% during the third quarter. Janney Montgomery Scott LLC now owns 43,137 shares of the company's stock worth $1,106,000 after purchasing an additional 13,139 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Li Auto by 12.9% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 35,000 shares of the company's stock worth $898,000 after purchasing an additional 4,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Li Auto by 2,556.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company's stock valued at $93,503,000 after purchasing an additional 3,493,881 shares during the last quarter. Finally, Greenleaf Trust bought a new stake in Li Auto in the 3rd quarter worth approximately $226,000. 9.88% of the stock is currently owned by institutional investors.
Li Auto Stock Performance
Li Auto stock traded down $1.96 during midday trading on Friday, reaching $23.65. 12,182,740 shares of the company traded hands, compared to its average volume of 7,573,939. The firm has a market capitalization of $25.09 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 2.37 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The business has a 50 day moving average of $24.40 and a two-hundred day moving average of $22.23. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $46.44.
Li Auto (NASDAQ:LI - Get Free Report) last released its quarterly 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 return on equity of 13.03% and a net margin of 7.20%. As a group, research analysts predict that Li Auto Inc. will post 1.04 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on LI. Macquarie reissued a "neutral" rating and set a $33.00 price objective (up previously from $25.00) on shares of Li Auto in a research note on Friday, October 4th. Citigroup boosted 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. Bank of America raised their price target on Li Auto from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. Barclays boosted their price objective on shares of Li Auto from $22.00 to $31.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. dropped 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. 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 data from MarketBeat.com, Li Auto has a consensus rating of "Moderate Buy" and a consensus target price of $33.94.
Get Our Latest Research Report on Li Auto
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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