Edmond DE Rothschild Holding S.A. Has $1.10 Million Stock Holdings in Li Auto Inc. (NASDAQ:LI)

Edmond DE Rothschild Holding S.A. lowered its stake in shares of Li Auto Inc. (NASDAQ:LI) by 93.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,814 shares of the company’s stock after selling 626,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Li Auto were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its position in shares of Li Auto by 422.4% during the third quarter. FMR LLC now owns 4,252,398 shares of the company’s stock worth $109,074,000 after purchasing an additional 3,438,410 shares during the period. Flow Traders U.S. LLC bought a new stake in Li Auto during the 3rd quarter valued at $262,000. Point72 Hong Kong Ltd acquired a new position in Li Auto during the third quarter worth $263,000. HighVista Strategies LLC bought a new position in shares of Li Auto in the third quarter valued at $562,000. Finally, HITE Hedge Asset Management LLC grew its holdings in shares of Li Auto by 64.8% during the third quarter. HITE Hedge Asset Management LLC now owns 44,059 shares of the company’s stock valued at $1,130,000 after buying an additional 17,331 shares during the last quarter. Institutional investors own 9.88% of the company’s stock.

Li Auto Trading Up 1.7 %

Shares of Li Auto stock opened at $25.64 on Wednesday. The stock has a fifty day moving average price of $26.40 and a 200-day moving average price of $25.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.76 and a quick ratio of 1.64. The firm has a market cap of $27.20 billion, a PE ratio of 18.99, a P/E/G ratio of 3.27 and a beta of 0.86. Li Auto Inc. has a 1 year low of $17.44 and a 1 year high of $33.12.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LI. Nomura Securities upgraded shares of Li Auto to a “hold” rating in a report on Monday, March 17th. JPMorgan Chase & Co. upgraded Li Auto from a “neutral” rating to an “overweight” rating and raised their target price for the company from $22.00 to $40.00 in a report on Friday, February 28th. HSBC set a $38.50 price target on Li Auto and gave the stock a “buy” rating in a report on Thursday, March 6th. Macquarie cut Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research note on Monday, March 17th. Finally, Cfra Research upgraded shares of Li Auto to a “strong sell” rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $35.73.

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.