Li Auto Inc. (NASDAQ:LI) Shares Sold by DRW Securities LLC

DRW Securities LLC decreased its holdings in Li Auto Inc. (NASDAQ:LI) by 87.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 8,662 shares of the company’s stock after selling 59,735 shares during the period. DRW Securities LLC’s holdings in Li Auto were worth $222,000 at the end of the most recent reporting period.

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

Li Auto Price Performance

Shares of NASDAQ LI opened at $23.31 on Thursday. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $24.73 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99. Li Auto Inc. has a twelve month low of $17.44 and a twelve month high of $46.44. The business has a 50 day simple moving average of $25.28 and a 200-day simple moving average of $21.87.

Li Auto (NASDAQ:LI) last released its earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter. Li Auto had a net margin of 7.20% and a return on equity of 13.03%. The firm had revenue of $4.36 billion during the quarter. As a group, equities research analysts expect that Li Auto Inc. will post 1.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Bank of America boosted 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. 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 note on Monday, November 4th. Macquarie reaffirmed a “neutral” rating and issued a $33.00 target price (up from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Finally, 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. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.94.

Li Auto 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.