Desjardins Global Asset Management Inc. Sells 821 Shares of Li Auto Inc. (NASDAQ:LI)

Desjardins Global Asset Management Inc. reduced its stake in shares of Li Auto Inc. (NASDAQ:LI) by 6.1% in the 4th quarter, Holdings Channel reports. The firm owned 12,578 shares of the company’s stock after selling 821 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Li Auto were worth $471,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd boosted its stake in Li Auto by 63.4% during the 4th quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd now owns 187,606 shares of the company’s stock valued at $7,022,000 after purchasing an additional 72,798 shares during the last quarter. Tudor Investment Corp Et Al lifted its position in shares of Li Auto by 603.8% during the 3rd quarter. Tudor Investment Corp Et Al now owns 160,099 shares of the company’s stock worth $5,708,000 after buying an additional 137,350 shares in the last quarter. Rafferty Asset Management LLC lifted its position in shares of Li Auto by 123.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 21,992 shares of the company’s stock worth $784,000 after buying an additional 12,149 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Li Auto during the 3rd quarter worth approximately $6,787,000. Finally, American Century Companies Inc. raised its holdings in shares of Li Auto by 19.4% in the 3rd quarter. American Century Companies Inc. now owns 296,355 shares of the company’s stock worth $10,565,000 after purchasing an additional 48,089 shares during the period. 9.88% of the stock is owned by institutional investors.

Li Auto Price Performance

Shares of NASDAQ LI opened at $28.73 on Thursday. The company has a market capitalization of $30.48 billion, a price-to-earnings ratio of 18.54 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.48 and a current ratio of 1.57. The company has a 50 day simple moving average of $33.68 and a two-hundred day simple moving average of $34.19. Li Auto Inc. has a fifty-two week low of $21.48 and a fifty-two week high of $47.33.

Li Auto (NASDAQ:LI) last posted its earnings results on Monday, February 26th. The company reported $0.49 EPS for the quarter. Li Auto had a net margin of 9.44% and a return on equity of 18.37%. The business had revenue of $5.88 billion during the quarter. Analysts expect that Li Auto Inc. will post 1.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LI has been the topic of a number of research reports. The Goldman Sachs Group assumed coverage on shares of Li Auto in a report on Wednesday, January 3rd. They issued a “buy” rating on the stock. Barclays cut their price target on shares of Li Auto from $56.00 to $39.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Macquarie began coverage on shares of Li Auto in a research report on Monday. They set an “outperform” rating and a $40.00 price target for the company. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a “hold” rating to a “buy” rating and dropped their target price for the stock from $45.00 to $41.00 in a report on Tuesday, February 6th. Finally, Morgan Stanley dropped their target price on shares of Li Auto from $74.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, March 25th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $47.36.

Li Auto Profile

Li Auto Inc, through its subsidiaries, 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 also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.