Vontobel Holding Ltd. Sells 28,346 Shares of Li Auto Inc. (NASDAQ:LI)

Vontobel Holding Ltd. lessened its stake in Li Auto Inc. (NASDAQ:LI) by 55.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,138 shares of the company’s stock after selling 28,346 shares during the period. Vontobel Holding Ltd.’s holdings in Li Auto were worth $593,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Li Auto in the 2nd quarter worth $21,626,000. SIH Partners LLLP boosted its position in Li Auto by 508.2% in the first quarter. SIH Partners LLLP now owns 890,900 shares of the company’s stock worth $26,976,000 after purchasing an additional 744,419 shares during the last quarter. FIFTHDELTA Ltd purchased a new position in Li Auto in the first quarter worth about $14,816,000. SG Americas Securities LLC grew its stake in shares of Li Auto by 806.4% during the 3rd quarter. SG Americas Securities LLC now owns 167,407 shares of the company’s stock valued at $4,294,000 after purchasing an additional 148,937 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Li Auto by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 726,684 shares of the company’s stock valued at $12,993,000 after purchasing an additional 123,838 shares during the last quarter. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

Li Auto Trading Up 0.0 %

Shares of LI stock opened at $25.26 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.63 and a current ratio of 1.76. The stock has a fifty day simple moving average of $22.65 and a two-hundred day simple moving average of $22.43. The firm has a market capitalization of $26.80 billion, a PE ratio of 16.84, a PEG ratio of 2.54 and a beta of 0.98. Li Auto Inc. has a 52-week low of $17.44 and a 52-week high of $46.44.

Li Auto (NASDAQ:LI) last released its earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. Li Auto had a return on equity of 13.70% and a net margin of 7.65%. The firm had revenue of $4.36 billion during the quarter. On average, analysts predict that Li Auto Inc. will post 1.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. reduced their price objective on Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Bank of America lifted their target price on Li Auto from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, Macquarie restated a “neutral” rating and issued a $33.00 price target (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $32.66.

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.