Vontobel Holding Ltd. Reduces Position in Li Auto Inc. (NASDAQ:LI)

Vontobel Holding Ltd. decreased its position in Li Auto Inc. (NASDAQ:LI) by 55.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,138 shares of the company’s stock after selling 28,346 shares during the period. Vontobel Holding Ltd.’s holdings in Li Auto were worth $593,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Li Auto in the 2nd quarter worth approximately $21,626,000. SIH Partners LLLP boosted its holdings in Li Auto by 508.2% in the first quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock valued at $26,976,000 after acquiring an additional 744,419 shares in the last quarter. American Century Companies Inc. increased its position in Li Auto by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock valued at $12,993,000 after purchasing an additional 123,838 shares during the period. FIFTHDELTA Ltd bought a new position in Li Auto in the 1st quarter worth $14,816,000. Finally, Capital International Investors lifted its position in shares of Li Auto by 1.1% in the 1st quarter. Capital International Investors now owns 389,400 shares of the company’s stock worth $11,791,000 after purchasing an additional 4,422 shares during the period. 9.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Li Auto Trading Up 0.0 %

Li Auto stock opened at $25.26 on Tuesday. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $46.44. The company has a market capitalization of $26.80 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 2.54 and a beta of 0.98. The business’s fifty day simple moving average is $22.65 and its two-hundred day simple moving average is $22.43. 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 (NASDAQ:LI) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. Li Auto had a net margin of 7.65% and a return on equity of 13.70%. The company had revenue of $4.36 billion for the quarter. As a group, equities analysts predict that Li Auto Inc. will post 1.04 earnings per share for the current fiscal year.

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.