Li Auto Inc. (NASDAQ:LI) Shares Sold by Creative Planning

Creative Planning decreased its position in shares of Li Auto Inc. (NASDAQ:LI) by 44.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,039 shares of the company’s stock after selling 13,376 shares during the quarter. Creative Planning’s holdings in Li Auto were worth $305,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Li Auto by 58.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock valued at $28,000 after acquiring an additional 573 shares during the last quarter. Blue Trust Inc. raised its holdings in Li Auto by 1,707.4% during the 2nd quarter. Blue Trust Inc. now owns 1,952 shares of the company’s stock worth $35,000 after buying an additional 1,844 shares during the period. QRG Capital Management Inc. raised its holdings in Li Auto by 58.5% during the 2nd quarter. QRG Capital Management Inc. now owns 11,731 shares of the company’s stock worth $210,000 after buying an additional 4,331 shares during the period. Ballentine Partners LLC raised its holdings in Li Auto by 20.6% during the 1st quarter. Ballentine Partners LLC now owns 7,199 shares of the company’s stock worth $218,000 after buying an additional 1,232 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Li Auto during the 1st quarter worth about $219,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Price Performance

Shares of LI opened at $23.75 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.63 and a debt-to-equity ratio of 0.14. Li Auto Inc. has a 1 year low of $17.44 and a 1 year high of $46.44. The stock has a market cap of $25.20 billion, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 2.54 and a beta of 0.98. The stock’s 50-day moving average price is $22.42 and its two-hundred day moving average price is $22.61.

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 business had revenue of $4.36 billion for the quarter. On average, equities analysts predict that Li Auto Inc. will post 1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on LI. Macquarie restated a “neutral” rating and set a $33.00 price objective (up previously from $25.00) on shares of Li Auto in a report on Friday, October 4th. Citigroup upped their target price on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a report on Monday, September 30th. JPMorgan Chase & Co. dropped their target price on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Bank of America upped their target price on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Li Auto presently has an average rating of “Moderate Buy” and an average price target of $32.66.

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.