Daiwa Securities Group Inc. Cuts Stake in Li Auto Inc. (NASDAQ:LI)

Daiwa Securities Group Inc. lowered its position in shares of Li Auto Inc. (NASDAQ:LI) by 37.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,000 shares of the company’s stock after selling 7,200 shares during the period. Daiwa Securities Group Inc.’s holdings in Li Auto were worth $449,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Concourse Financial Group Securities Inc. boosted its position in Li Auto by 186.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock valued at $51,000 after purchasing an additional 930 shares in the last quarter. Rakuten Securities Inc. bought a new stake in Li Auto during the fourth quarter valued at about $57,000. CWM LLC boosted its position in Li Auto by 59.5% during the third quarter. CWM LLC now owns 1,812 shares of the company’s stock valued at $65,000 after purchasing an additional 676 shares in the last quarter. Employees Retirement System of Texas bought a new stake in Li Auto during the third quarter valued at about $130,000. Finally, Ballentine Partners LLC bought a new stake in Li Auto during the fourth quarter valued at about $223,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Trading Up 6.7 %

Shares of NASDAQ:LI opened at $25.04 on Friday. Li Auto Inc. has a 52-week low of $22.26 and a 52-week high of $47.33. The stock has a market cap of $26.57 billion, a price-to-earnings ratio of 16.15 and a beta of 1.04. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $32.95 and a 200-day moving average price of $33.74.

Li Auto (NASDAQ:LI) last announced its quarterly 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 18.37% and a net margin of 9.44%. Equities analysts predict that Li Auto Inc. will post 1.97 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. The Goldman Sachs Group assumed coverage on Li Auto in a report on Wednesday, January 3rd. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft raised 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. Barclays downgraded Li Auto from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $39.00 to $25.00 in a report on Thursday. Citigroup lowered their price target on Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, Macquarie assumed coverage on Li Auto in a report on Monday, April 15th. They issued an “outperform” rating and a $40.00 price target for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $45.36.

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.