Rakuten Securities Inc. Sells 5,540 Shares of Li Auto Inc. (NASDAQ:LI)

Rakuten Securities Inc. trimmed its position in shares of Li Auto Inc. (NASDAQ:LI) by 80.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,349 shares of the company’s stock after selling 5,540 shares during the quarter. Rakuten Securities Inc.’s holdings in Li Auto were worth $35,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LI. American Century Companies Inc. boosted its holdings in Li Auto by 20.5% in the second quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock valued at $12,993,000 after acquiring an additional 123,838 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Li Auto by 2,556.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock valued at $93,503,000 after purchasing an additional 3,493,881 shares in the last quarter. Ariose Capital Management Ltd purchased a new position in shares of Li Auto during the third quarter valued at about $18,099,000. DekaBank Deutsche Girozentrale increased its position 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 buying an additional 63,917 shares during the period. Finally, Swedbank AB bought a new position in Li Auto in the first quarter worth about $2,003,000. 9.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on LI. Bank of America upped their target price on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Citigroup upped their price target on Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research note on Monday, September 30th. Macquarie reissued 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. JPMorgan Chase & Co. dropped their target price on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Barclays increased their price target on shares of Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. 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, Li Auto currently has an average rating of “Moderate Buy” and an average price target of $33.94.

Li Auto Price Performance

Shares of NASDAQ:LI opened at $22.61 on Wednesday. The business has a fifty day moving average price of $24.50 and a 200-day moving average price of $22.23. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The company has a market capitalization of $23.99 billion, a PE ratio of 16.75, a PEG ratio of 2.33 and a beta of 0.99. Li Auto Inc. has a 1-year low of $17.44 and a 1-year high of $46.44.

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

Li Auto Company 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.