Y Intercept Hong Kong Ltd Decreases Stock Holdings in Li Auto Inc. (NASDAQ:LI)

Y Intercept Hong Kong Ltd reduced its position in Li Auto Inc. (NASDAQ:LI - Free Report) by 57.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,598 shares of the company's stock after selling 90,504 shares during the period. Y Intercept Hong Kong Ltd's holdings in Li Auto were worth $1,734,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. XTX Topco Ltd purchased a new position in Li Auto during the 3rd quarter worth $1,153,000. Quantinno Capital Management LP acquired a new position in shares of Li Auto during the third quarter valued at about $343,000. HITE Hedge Asset Management LLC increased its holdings in shares of Li Auto by 64.8% during the third quarter. HITE Hedge Asset Management LLC now owns 44,059 shares of the company's stock valued at $1,130,000 after acquiring an additional 17,331 shares in the last quarter. HighVista Strategies LLC purchased a new position in shares of Li Auto in the 3rd quarter valued at approximately $562,000. Finally, Aspex Management HK Ltd boosted its stake in Li Auto by 55.0% in the 3rd quarter. Aspex Management HK Ltd now owns 10,643,926 shares of the company's stock worth $273,017,000 after purchasing an additional 3,778,463 shares in the last quarter. Hedge funds and other institutional investors own 9.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LI shares. Bank of America raised their price target on shares of Li Auto from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Macquarie reiterated a "neutral" rating and set a $33.00 price target (up previously from $25.00) on shares of Li Auto in a research note on Friday, October 4th. Barclays raised their price objective on Li Auto from $22.00 to $31.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. decreased their target price on Li Auto from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, August 29th. Finally, Citigroup raised 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, September 30th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $33.94.

Li Auto Stock Performance

Shares of NASDAQ LI traded down $0.07 during midday trading on Wednesday, reaching $22.81. 3,786,804 shares of the stock were exchanged, compared to its average volume of 7,834,995. 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 firm has a market cap of $24.20 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 2.14 and a beta of 0.94. The firm has a 50-day simple moving average of $25.04 and a two-hundred day simple moving average of $21.84. Li Auto Inc. has a twelve month low of $17.44 and a twelve month high of $46.44.

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.