Li Auto Inc. (NASDAQ:LI) is Xiamen Xinweidachuang Investment Partnership Limited Partnership’s Largest Position

Xiamen Xinweidachuang Investment Partnership Limited Partnership lowered its holdings in Li Auto Inc. (NASDAQ:LI) by 17.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,511,682 shares of the company’s stock after selling 1,641,495 shares during the period. Li Auto accounts for approximately 100.0% of Xiamen Xinweidachuang Investment Partnership Limited Partnership’s investment portfolio, making the stock its biggest holding. Xiamen Xinweidachuang Investment Partnership Limited Partnership’s holdings in Li Auto were worth $192,675,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of 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 worth $28,000 after acquiring an additional 573 shares in the last quarter. Blue Trust Inc. raised its position in shares of Li Auto by 1,707.4% in the 2nd quarter. Blue Trust Inc. now owns 1,952 shares of the company’s stock worth $35,000 after acquiring an additional 1,844 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Li Auto in the 3rd quarter worth approximately $39,000. Venturi Wealth Management LLC bought a new position in shares of Li Auto in the 3rd quarter worth approximately $50,000. Finally, Avior Wealth Management LLC raised its position in shares of Li Auto by 708.5% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Analyst Upgrades and Downgrades

LI has been the subject of several research reports. Bank of America increased their target price on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Barclays raised their price objective on Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Citigroup raised their price objective on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. reduced 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. Finally, Macquarie reaffirmed a “neutral” rating and set a $33.00 price objective (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.94.

Li Auto Stock Down 1.4 %

LI stock opened at $22.28 on Friday. The business has a 50 day moving average of $25.15 and a 200 day moving average of $21.97. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.13. Li Auto Inc. has a twelve month low of $17.44 and a twelve month high of $46.44. The firm has a market cap of $23.64 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 2.16 and a beta of 0.99.

Li Auto (NASDAQ:LI) last issued its earnings results on Wednesday, August 28th. The company reported $0.14 EPS for the quarter. The business had revenue of $4.36 billion for the quarter. Li Auto had a return on equity of 13.03% and a net margin of 7.20%. On average, research analysts forecast that Li Auto Inc. will post 1.04 EPS 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.