Li Auto Inc. (NASDAQ:LI) Position Reduced by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its stake in Li Auto Inc. (NASDAQ:LI) by 37.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,000 shares of the company’s stock after selling 1,800 shares during the period. Daiwa Securities Group Inc.’s holdings in Li Auto were worth $77,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. increased its holdings in Li Auto by 20.5% in the second quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock valued at $12,993,000 after buying an additional 123,838 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Li Auto by 2,556.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock valued at $93,503,000 after acquiring an additional 3,493,881 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Li Auto by 27.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 432,988 shares of the company’s stock valued at $11,106,000 after acquiring an additional 93,904 shares in the last quarter. Ariose Capital Management Ltd bought a new position in Li Auto during the third quarter worth $18,099,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Li Auto by 510.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 76,450 shares of the company’s stock worth $2,370,000 after purchasing an additional 63,917 shares during the period. Institutional investors and hedge funds own 9.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Bank of America increased their price objective on shares of Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Macquarie reissued a “neutral” rating and set a $33.00 target price (up from $25.00) on shares of Li Auto in a research note on Friday, October 4th. Barclays raised their price target on shares of Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. decreased 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.94.

Li Auto Price Performance

Shares of NASDAQ:LI opened at $23.68 on Monday. The stock has a market cap of $25.12 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 2.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $46.44. The stock’s 50 day moving average price is $25.36 and its 200 day moving average price is $21.80.

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.