Li Auto Inc. (NASDAQ:LI) Shares Sold by Franchise Capital Ltd

Franchise Capital Ltd decreased its position in Li Auto Inc. (NASDAQ:LI) by 70.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,050 shares of the company’s stock after selling 172,472 shares during the quarter. Li Auto accounts for about 0.8% of Franchise Capital Ltd’s holdings, making the stock its 14th biggest holding. Franchise Capital Ltd’s holdings in Li Auto were worth $1,704,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Li Auto in the 3rd quarter valued at about $39,000. Venturi Wealth Management LLC purchased a new stake in shares of Li Auto in the third quarter valued at approximately $50,000. BNP Paribas boosted its position in shares of Li Auto by 300.0% during the 3rd quarter. BNP Paribas now owns 2,000 shares of the company’s stock worth $51,000 after purchasing an additional 1,500 shares in the last quarter. Avior Wealth Management LLC grew its position in Li Auto by 708.5% during the third quarter. Avior Wealth Management LLC now owns 2,385 shares of the company’s stock worth $61,000 after buying an additional 2,090 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Li Auto by 55.9% in the 3rd quarter. Blue Trust Inc. now owns 3,043 shares of the company’s stock worth $78,000 after acquiring an additional 1,091 shares during the period. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on LI. Macquarie reissued a “neutral” rating and set a $33.00 price target (up previously from $25.00) on shares of Li Auto in a research report on Friday, October 4th. Citigroup lifted their price objective on Li Auto from $25.50 to $29.60 and gave the company a “neutral” rating in a research note on Monday, September 30th. Finally, Barclays upped their price target on shares of 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 given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $33.94.

Li Auto Trading Up 0.1 %

Shares of NASDAQ LI opened at $24.02 on Friday. Li Auto Inc. has a 12-month low of $17.44 and a 12-month high of $46.44. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. The stock’s 50 day simple moving average is $23.94 and its 200 day simple moving average is $22.25. The company has a market cap of $25.49 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 2.13 and a beta of 0.94.

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.