Li Auto Inc. (NASDAQ:LI) Stock Holdings Cut by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of Li Auto Inc. (NASDAQ:LI) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 475,303 shares of the company’s stock after selling 14,602 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Li Auto were worth $8,498,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LI. Tiger Pacific Capital LP purchased a new stake in shares of Li Auto in the fourth quarter valued at $11,416,000. Barometer Capital Management Inc. purchased a new stake in shares of Li Auto in the fourth quarter valued at $135,000. Point72 Italy S.r.l. purchased a new stake in shares of Li Auto in the fourth quarter valued at $1,078,000. Franchise Capital Ltd lifted its holdings in shares of Li Auto by 163.2% in the fourth quarter. Franchise Capital Ltd now owns 975,250 shares of the company’s stock valued at $36,504,000 after purchasing an additional 604,773 shares in the last quarter. Finally, Prelude Capital Management LLC purchased a new stake in shares of Li Auto in the fourth quarter valued at $10,753,000. 9.88% of the stock is owned by institutional investors.

Li Auto Stock Up 4.2 %

NASDAQ LI opened at $30.51 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.63 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average is $21.07 and its two-hundred day moving average is $22.74. The company has a market capitalization of $32.37 billion, a price-to-earnings ratio of 20.37 and a beta of 0.98. Li Auto Inc. has a 1-year low of $17.44 and a 1-year high of $46.44.

Li Auto (NASDAQ:LI) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%. The company had revenue of $4.36 billion for the quarter.

Analyst Ratings Changes

Several analysts recently issued reports on LI shares. Bank of America increased their price objective on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Macquarie reiterated a “neutral” rating and set a $33.00 price objective (up from $25.00) on shares of Li Auto in a report on Friday. Citigroup increased their price objective on Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. cut their price objective on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.66.

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.