Van ECK Associates Corp Has $3.23 Million Stake in Li Auto Inc. (NASDAQ:LI)

Van ECK Associates Corp reduced its holdings in Li Auto Inc. (NASDAQ:LI) by 38.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,615 shares of the company’s stock after selling 85,380 shares during the quarter. Van ECK Associates Corp’s holdings in Li Auto were worth $3,229,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Blue Trust Inc. lifted its position in shares of Li Auto by 55.9% during the third quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock worth $78,000 after purchasing an additional 1,091 shares in the last quarter. BNP Paribas lifted its holdings in Li Auto by 300.0% during the 3rd quarter. BNP Paribas now owns 2,000 shares of the company’s stock worth $51,000 after buying an additional 1,500 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Li Auto in the 3rd quarter valued at $39,000. Venturi Wealth Management LLC acquired a new stake in shares of Li Auto in the 3rd quarter valued at $50,000. Finally, Avior Wealth Management LLC raised its position in shares of Li Auto by 708.5% during the third quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock worth $61,000 after acquiring an additional 2,090 shares during the last quarter. 9.88% of the stock is currently owned by institutional investors.

Li Auto Trading Up 3.2 %

NASDAQ LI opened at $26.46 on Thursday. Li Auto Inc. has a 52 week low of $17.44 and a 52 week high of $46.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The stock’s 50 day moving average price is $23.83 and its two-hundred day moving average price is $23.32. The stock has a market capitalization of $28.07 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 3.20 and a beta of 0.92.

Wall Street Analyst Weigh In

LI has been the subject of a number of analyst reports. Barclays lifted their target price on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Macquarie raised Li Auto from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Li Auto currently has a consensus rating of “Moderate Buy” and an average target price of $32.77.

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.