Li Auto Inc. (NASDAQ:LI) Shares Sold by Tidal Investments LLC

Tidal Investments LLC reduced its position in Li Auto Inc. (NASDAQ:LI) by 6.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 98,417 shares of the company’s stock after selling 6,622 shares during the quarter. Tidal Investments LLC’s holdings in Li Auto were worth $2,524,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Li Auto by 58.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,549 shares of the company’s stock worth $28,000 after buying an additional 573 shares in the last quarter. Blue Trust Inc. raised its position in Li Auto by 1,707.4% during the second quarter. Blue Trust Inc. now owns 1,952 shares of the company’s stock worth $35,000 after acquiring an additional 1,844 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Li Auto in the third quarter valued at about $39,000. Venturi Wealth Management LLC acquired a new stake in shares of Li Auto in the third quarter valued at approximately $50,000. Finally, BNP Paribas increased its stake 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. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Trading Down 2.6 %

NASDAQ LI opened at $22.20 on Monday. The company has a market cap of $23.55 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.18 and a beta of 0.94. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $46.44. 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 company has a 50-day moving average of $24.63 and a 200-day moving average of $21.89.

Analysts Set New Price Targets

A number of research firms recently issued reports on LI. Barclays upped their target price on Li Auto from $22.00 to $31.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Citigroup increased 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. Macquarie reissued a “neutral” rating and issued a $33.00 target price (up previously from $25.00) on shares of Li Auto in a research note on Friday, October 4th. JPMorgan Chase & Co. reduced their target price on shares of Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Bank of America lifted their price target on shares of Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.94.

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.