Li Auto Inc. (NASDAQ:LI) Stock Position Decreased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC decreased its position in Li Auto Inc. (NASDAQ:LI) by 13.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,609 shares of the company’s stock after selling 2,236 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Li Auto were worth $261,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Bank of America upped their price target on Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Citigroup upped their target price on Li Auto from $21.60 to $25.50 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.07.

Li Auto Price Performance

NASDAQ:LI opened at $25.78 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.76 and a quick ratio of 1.63. The stock has a market cap of $27.35 billion, a P/E ratio of 17.19 and a beta of 0.96. The company has a fifty day moving average price of $20.17 and a 200 day moving average price of $22.97. Li Auto Inc. has a one year low of $17.44 and a one year high of $46.44.

Li Auto (NASDAQ:LI) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.14 EPS for the quarter. Li Auto had a net margin of 7.65% and a return on equity of 13.70%. The business had revenue of $4.36 billion during the quarter.

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.