Robeco Institutional Asset Management B.V. Trims Stake in Li Auto Inc. (NASDAQ:LI)

Robeco Institutional Asset Management B.V. reduced its position in shares of Li Auto Inc. (NASDAQ:LI) by 77.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,907 shares of the company’s stock after selling 296,322 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Li Auto were worth $2,204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of LI. American Century Companies Inc. increased its holdings in shares of Li Auto by 20.5% in the 2nd 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 during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of 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 valued at $93,503,000 after acquiring an additional 3,493,881 shares during the period. Ariose Capital Management Ltd purchased a new position in shares of Li Auto in the 3rd quarter valued at $18,099,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Li Auto by 510.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 76,450 shares of the company’s stock valued at $2,370,000 after acquiring an additional 63,917 shares during the period. Finally, Swedbank AB purchased a new position in shares of Li Auto in the 1st quarter valued at $2,003,000. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price target on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Citigroup lifted their price target on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a report on Monday, September 30th. Bank of America raised their price objective on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Macquarie reissued a “neutral” rating and issued a $33.00 price objective (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Finally, Barclays raised their price objective on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.94.

Li Auto Stock Performance

Shares of LI opened at $23.65 on Friday. The stock has a 50-day moving average of $24.40 and a two-hundred day moving average of $22.25. Li Auto Inc. has a one year low of $17.44 and a one year high of $46.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The stock has a market cap of $25.09 billion, a P/E ratio of 17.52, a P/E/G ratio of 2.37 and a beta of 0.99.

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

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.