Li Auto Inc. (NASDAQ:LI) Shares Sold by DRW Securities LLC

DRW Securities LLC trimmed its stake in Li Auto Inc. (NASDAQ:LI) by 87.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,662 shares of the company’s stock after selling 59,735 shares during the quarter. DRW Securities LLC’s holdings in Li Auto were worth $222,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Tidal Investments LLC boosted its position in shares of Li Auto by 6.2% during the first quarter. Tidal Investments LLC now owns 97,408 shares of the company’s stock worth $2,950,000 after buying an additional 5,666 shares during the period. Virtu Financial LLC acquired a new position in Li Auto during the 1st quarter worth $397,000. Swedbank AB bought a new position in shares of Li Auto in the first quarter worth $2,003,000. DekaBank Deutsche Girozentrale grew its stake in shares of Li Auto by 510.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 76,450 shares of the company’s stock worth $2,370,000 after purchasing an additional 63,917 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in shares of Li Auto by 58.5% during the second quarter. QRG Capital Management Inc. now owns 11,731 shares of the company’s stock valued at $210,000 after purchasing an additional 4,331 shares during the period. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Trading Up 6.8 %

Li Auto stock opened at $23.31 on Thursday. The firm has a market cap of $24.73 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99. Li Auto Inc. has a 1 year low of $17.44 and a 1 year high of $46.44. The firm’s 50 day moving average price is $25.28 and its two-hundred day moving average price is $21.87. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76.

Li Auto (NASDAQ:LI) last issued its 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 for the quarter. Li Auto had a return on equity of 13.03% and a net margin of 7.20%. On average, research analysts predict that Li Auto Inc. will post 1.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LI shares. Bank of America increased their target price on shares of Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Barclays increased their price objective on shares of Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Macquarie reissued a “neutral” rating and set a $33.00 target price (up previously from $25.00) on shares of Li Auto in a report on Friday, October 4th. Citigroup increased their price target on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. dropped their price objective on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Li Auto has an average rating of “Moderate Buy” and an average price target of $33.94.

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.