Daiwa Securities Group Inc. Has $145,000 Holdings in Li Auto Inc. (NASDAQ:LI)

Daiwa Securities Group Inc. trimmed its position in shares of Li Auto Inc. (NASDAQ:LI) by 60.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 4,800 shares of the company’s stock after selling 7,200 shares during the period. Daiwa Securities Group Inc.’s holdings in Li Auto were worth $145,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LI. Capstone Investment Advisors LLC boosted its position in Li Auto by 145.7% during the first quarter. Capstone Investment Advisors LLC now owns 47,968 shares of the company’s stock worth $1,452,000 after purchasing an additional 28,445 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Li Auto in the first quarter valued at about $642,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Li Auto by 6.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 166,845 shares of the company’s stock valued at $5,125,000 after acquiring an additional 10,824 shares during the period. Caprock Group LLC boosted its position in shares of Li Auto by 30.0% in the first quarter. Caprock Group LLC now owns 11,458 shares of the company’s stock valued at $347,000 after acquiring an additional 2,644 shares during the period. Finally, Atlas Capital Advisors LLC lifted its position in Li Auto by 46.7% during the first quarter. Atlas Capital Advisors LLC now owns 10,592 shares of the company’s stock worth $321,000 after purchasing an additional 3,372 shares during the period. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Trading Down 0.7 %

NASDAQ LI opened at $21.28 on Friday. Li Auto Inc. has a 12 month low of $17.75 and a 12 month high of $47.33. The firm has a market capitalization of $22.58 billion, a P/E ratio of 14.19, a PEG ratio of 2.59 and a beta of 0.97. The business has a fifty day simple moving average of $21.13 and a 200 day simple moving average of $28.18. The company has a current ratio of 1.53, a quick ratio of 1.37 and a debt-to-equity ratio of 0.04.

Li Auto (NASDAQ:LI) last announced its quarterly earnings data on Monday, May 20th. The company reported $0.08 earnings per share for the quarter. Li Auto had a return on equity of 16.65% and a net margin of 8.73%. The company had revenue of $3.55 billion during the quarter. On average, analysts predict that Li Auto Inc. will post 1.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays lowered their target price on Li Auto from $25.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 21st. Macquarie initiated coverage on Li Auto in a research note on Monday, April 15th. They issued an “outperform” rating and a $40.00 price objective for the company. Bank of America reduced their target price on Li Auto from $41.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, May 21st. Citigroup reduced their target price on Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, Morgan Stanley reduced their target price on Li Auto from $65.00 to $53.00 and set an “overweight” rating on the stock in a report on Tuesday, May 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.08.

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.