Li Auto Inc. (NASDAQ:LI) Shares Sold by US Bancorp DE

US Bancorp DE lowered its position in Li Auto Inc. (NASDAQ:LI) by 13.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,411 shares of the company’s stock after selling 1,430 shares during the quarter. US Bancorp DE’s holdings in Li Auto were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LI. Janney Montgomery Scott LLC lifted its stake in shares of Li Auto by 43.8% during the third quarter. Janney Montgomery Scott LLC now owns 43,137 shares of the company’s stock worth $1,106,000 after purchasing an additional 13,139 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Li Auto during the third quarter worth about $50,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Li Auto during the third quarter worth about $970,000. Avior Wealth Management LLC lifted its stake 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 purchasing an additional 2,090 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Li Auto by 27.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 432,988 shares of the company’s stock worth $11,106,000 after purchasing an additional 93,904 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Li Auto Stock Down 4.4 %

NASDAQ:LI opened at $27.46 on Friday. The firm has a market capitalization of $29.14 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86. The stock has a 50 day moving average of $25.53 and a 200-day moving average of $24.33. Li Auto Inc. has a 52 week low of $17.44 and a 52 week high of $38.19. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13.

Analyst Upgrades and Downgrades

LI has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded Li Auto from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. HSBC set a $38.50 price target on Li Auto and gave the stock a “buy” rating in a research note on Thursday, March 6th. Finally, Macquarie upgraded Li Auto from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.59.

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.