Raymond James Financial Services Advisors Inc. Lowers Stake in Li Auto Inc. (NASDAQ:LI)

Raymond James Financial Services Advisors Inc. reduced its holdings in shares of Li Auto Inc. (NASDAQ:LI) by 10.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,766 shares of the company’s stock after selling 691 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Li Auto were worth $216,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of LI. Deutsche Bank AG lifted its stake in shares of Li Auto by 100.8% in the 3rd quarter. Deutsche Bank AG now owns 15,273 shares of the company’s stock worth $544,000 after acquiring an additional 1,990,089 shares during the period. Ariose Capital Management Ltd acquired a new stake in shares of Li Auto in the 4th quarter worth $29,555,000. Qube Research & Technologies Ltd acquired a new stake in shares of Li Auto in the 3rd quarter worth $24,312,000. Aubrey Capital Management Ltd lifted its stake in shares of Li Auto by 2,566.0% in the 3rd quarter. Aubrey Capital Management Ltd now owns 266,600 shares of the company’s stock worth $9,388,000 after acquiring an additional 256,600 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of Li Auto by 2,636.8% in the 3rd quarter. Acadian Asset Management LLC now owns 248,010 shares of the company’s stock worth $8,833,000 after acquiring an additional 238,948 shares during the period. 9.88% of the stock is owned by hedge funds and other institutional investors.

Li Auto Stock Down 3.8 %

Shares of NASDAQ LI opened at $23.87 on Thursday. Li Auto Inc. has a 12-month low of $21.48 and a 12-month high of $47.33. The company has a market capitalization of $25.33 billion, a PE ratio of 15.40 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.48. The firm’s 50-day moving average is $33.23 and its two-hundred day moving average is $33.87.

Li Auto (NASDAQ:LI) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.49 earnings per share (EPS) for the quarter. The company had revenue of $5.88 billion for the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. Equities analysts anticipate that Li Auto Inc. will post 1.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on LI. Bank of America reduced their price objective on shares of Li Auto from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, March 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a “hold” rating to a “buy” rating and reduced their price objective for the company from $45.00 to $41.00 in a research note on Tuesday, February 6th. Macquarie began coverage on shares of Li Auto in a research note on Monday, April 15th. They issued an “outperform” rating and a $40.00 price objective for the company. Citigroup reduced their price objective on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a research note on Friday, March 22nd. Finally, Morgan Stanley reduced their price objective on shares of Li Auto from $74.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, March 25th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Li Auto has an average rating of “Buy” and an average price target of $47.36.

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.