Li Auto Inc. (NASDAQ:LI) Shares Sold by OLD Mission Capital LLC

OLD Mission Capital LLC lessened its holdings in shares of Li Auto Inc. (NASDAQ:LI) by 62.5% in the first quarter, Holdings Channel reports. The firm owned 177,455 shares of the company’s stock after selling 295,330 shares during the period. OLD Mission Capital LLC’s holdings in Li Auto were worth $5,373,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Corient Private Wealth LLC grew its stake in shares of Li Auto by 5.3% in the fourth quarter. Corient Private Wealth LLC now owns 12,664 shares of the company’s stock valued at $474,000 after buying an additional 641 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Li Auto by 7.0% during the first quarter. SG Americas Securities LLC now owns 10,427 shares of the company’s stock valued at $316,000 after purchasing an additional 685 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Li Auto by 7.6% during the fourth quarter. Quadrant Capital Group LLC now owns 10,497 shares of the company’s stock worth $393,000 after purchasing an additional 745 shares in the last quarter. Caprock Group LLC boosted its stake in shares of Li Auto by 10.0% in the fourth quarter. Caprock Group LLC now owns 8,814 shares of the company’s stock valued at $330,000 after purchasing an additional 802 shares during the period. Finally, Signaturefd LLC grew its holdings in Li Auto by 10.2% during the 4th quarter. Signaturefd LLC now owns 9,494 shares of the company’s stock valued at $355,000 after purchasing an additional 881 shares in the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on LI shares. Barclays lowered their target price on Li Auto from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 21st. Morgan Stanley cut their target price on shares of Li Auto from $65.00 to $53.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 21st. Macquarie started coverage on Li Auto in a research note on Monday, April 15th. They issued an “outperform” rating and a $40.00 price target for the company. Finally, Bank of America cut their price objective on Li Auto from $41.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Li Auto presently has an average rating of “Moderate Buy” and an average price target of $40.08.

Li Auto Stock Performance

NASDAQ LI traded down $0.04 during trading hours on Friday, reaching $19.16. The company’s stock had a trading volume of 2,246,071 shares, compared to its average volume of 8,012,024. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of $19.87 and a 200 day simple moving average of $27.19. Li Auto Inc. has a 52 week low of $17.75 and a 52 week high of $47.33. The stock has a market cap of $20.33 billion, a PE ratio of 12.80, a PEG ratio of 2.28 and a beta of 0.97.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Monday, May 20th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $3.55 billion for the quarter. Li Auto had a return on equity of 16.65% and a net margin of 8.73%. Equities research analysts predict that Li Auto Inc. will post 1.04 earnings per share for the current fiscal year.

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.