Li Auto Inc. (NASDAQ:LI) Shares Sold by Tidal Investments LLC

Tidal Investments LLC cut its position in shares of Li Auto Inc. (NASDAQ:LI) by 6.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 98,417 shares of the company’s stock after selling 6,622 shares during the period. Tidal Investments LLC’s holdings in Li Auto were worth $2,524,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Li Auto by 58.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock worth $28,000 after purchasing an additional 573 shares during the period. Blue Trust Inc. raised its holdings in Li Auto by 1,707.4% in the second quarter. Blue Trust Inc. now owns 1,952 shares of the company’s stock valued at $35,000 after buying an additional 1,844 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Li Auto during the third quarter valued at approximately $39,000. Venturi Wealth Management LLC purchased a new stake in Li Auto during the third quarter worth approximately $50,000. Finally, BNP Paribas increased its position in shares of Li Auto by 300.0% in 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. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Li Auto Trading Down 2.6 %

NASDAQ:LI opened at $22.20 on Monday. The stock has a market cap of $23.55 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 2.18 and a beta of 0.94. Li Auto Inc. has a one year low of $17.44 and a one year high of $46.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The business’s 50-day simple moving average is $24.63 and its 200 day simple moving average is $21.89.

Analyst Ratings Changes

LI has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their target price 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 boosted their price objective on Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Bank of America increased their target price on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Barclays boosted their price target on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.94.

Li Auto Company 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.