Signaturefd LLC Reduces Holdings in Li Auto Inc. (NASDAQ:LI)

Signaturefd LLC trimmed its holdings in shares of Li Auto Inc. (NASDAQ:LI) by 35.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,803 shares of the company’s stock after selling 3,675 shares during the quarter. Signaturefd LLC’s holdings in Li Auto were worth $122,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Li Auto by 58.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock valued at $28,000 after buying an additional 573 shares in the last quarter. Blue Trust Inc. lifted its holdings in Li Auto by 1,707.4% during the second quarter. Blue Trust Inc. now owns 1,952 shares of the company’s stock valued at $35,000 after purchasing an additional 1,844 shares in the last quarter. Scarborough Advisors LLC bought a new position in shares of Li Auto in the fourth quarter worth approximately $41,000. Barometer Capital Management Inc. purchased a new stake in shares of Li Auto in the fourth quarter worth $135,000. Finally, QRG Capital Management Inc. raised its position in shares of Li Auto by 58.5% during the 2nd quarter. QRG Capital Management Inc. now owns 11,731 shares of the company’s stock valued at $210,000 after purchasing an additional 4,331 shares during the period. 9.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Morgan Stanley dropped their target price on shares of Li Auto from $65.00 to $53.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. JPMorgan Chase & Co. cut their target price 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. Barclays decreased their target price on Li Auto from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 21st. Finally, Bank of America increased their price objective on shares of Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.36.

Li Auto Price Performance

NASDAQ:LI opened at $19.00 on Wednesday. The company has a market capitalization of $20.16 billion, a P/E ratio of 12.67, a P/E/G ratio of 1.77 and a beta of 0.97. The business’s 50-day moving average is $19.83 and its 200 day moving average is $25.16. The company has a current ratio of 1.76, a quick ratio of 1.37 and a debt-to-equity ratio of 0.14. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $46.44.

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.