Li Auto Inc. (NASDAQ:LI) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC cut its position in Li Auto Inc. (NASDAQ:LI) by 21.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,485 shares of the company’s stock after selling 4,165 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Li Auto were worth $580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in LI. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd lifted its stake in Li Auto by 63.4% in the 4th quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd now owns 187,606 shares of the company’s stock worth $7,022,000 after purchasing an additional 72,798 shares in the last quarter. Tudor Investment Corp Et Al boosted its stake in Li Auto by 603.8% during the third quarter. Tudor Investment Corp Et Al now owns 160,099 shares of the company’s stock worth $5,708,000 after buying an additional 137,350 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in Li Auto by 123.4% in the 3rd quarter. Rafferty Asset Management LLC now owns 21,992 shares of the company’s stock valued at $784,000 after buying an additional 12,149 shares in the last quarter. Handelsbanken Fonder AB purchased a new stake in Li Auto in the 4th quarter valued at $9,358,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Li Auto in the 4th quarter worth $369,000. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Li Auto Trading Down 5.7 %

Shares of NASDAQ LI opened at $19.58 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.48 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $20.77 billion, a PE ratio of 13.05, a PEG ratio of 1.82 and a beta of 1.10. Li Auto Inc. has a twelve month low of $19.38 and a twelve month high of $47.33. The stock has a fifty day simple moving average of $28.18 and a 200-day simple moving average of $32.62.

Li Auto (NASDAQ:LI) last released its earnings results on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. The company had revenue of $5.88 billion during the quarter. Li Auto had a return on equity of 16.65% and a net margin of 8.73%. On average, equities analysts forecast that Li Auto Inc. will post 1.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Bank of America dropped their price objective on shares of Li Auto from $41.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday. Macquarie assumed coverage on shares of Li Auto in a research report on Monday, April 15th. They set an “outperform” rating and a $40.00 price target on the stock. Morgan Stanley lowered their price objective on Li Auto from $65.00 to $53.00 and set an “overweight” rating for the company in a research report on Tuesday. Barclays reduced their target price on Li Auto from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upgraded Li Auto from a “hold” rating to a “buy” rating and lowered their price target for the stock from $45.00 to $41.00 in a report on Tuesday, February 6th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.50.

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.