Crossmark Global Holdings Inc. Decreases Holdings in Li Auto Inc. (NASDAQ:LI)

Crossmark Global Holdings Inc. lowered its stake in shares of Li Auto Inc. (NASDAQ:LI) by 11.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,137 shares of the company’s stock after selling 6,109 shares during the period. Crossmark Global Holdings Inc.’s holdings in Li Auto were worth $1,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of LI. Janney Montgomery Scott LLC purchased a new stake in shares of Li Auto during the first quarter worth approximately $642,000. Quantbot Technologies LP purchased a new stake in shares of Li Auto during the first quarter worth $219,000. SG Americas Securities LLC raised its position in shares of Li Auto by 7.0% in the first quarter. SG Americas Securities LLC now owns 10,427 shares of the company’s stock valued at $316,000 after buying an additional 685 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Li Auto in the first quarter worth about $224,000. Finally, US Bancorp DE lifted its stake in shares of Li Auto by 5.2% in the first quarter. US Bancorp DE now owns 19,784 shares of the company’s stock worth $599,000 after buying an additional 970 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LI shares. Citigroup lifted their price objective on Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Barclays lifted their price target on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Bank of America upped 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. Macquarie reaffirmed a “neutral” rating and set a $33.00 target price (up from $25.00) on shares of Li Auto in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. dropped their price target 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Li Auto has an average rating of “Moderate Buy” and a consensus price target of $33.94.

Li Auto Stock Performance

Shares of Li Auto stock opened at $22.35 on Thursday. The business has a 50-day simple moving average of $24.57 and a 200-day simple moving average of $22.21. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. Li Auto Inc. has a one year low of $17.44 and a one year high of $46.44. The company has a market cap of $23.71 billion, a PE ratio of 16.56, a P/E/G ratio of 2.17 and a beta of 0.99.

Li Auto (NASDAQ:LI) last posted its 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 firm had revenue of $4.36 billion for the quarter. On average, equities research analysts forecast that Li Auto Inc. will post 1.04 EPS for the current fiscal year.

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.