Edmond DE Rothschild Holding S.A. Sells 626,000 Shares of Li Auto Inc. (NASDAQ:LI)

Edmond DE Rothschild Holding S.A. cut its stake in 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 (SEC). The firm owned 45,814 shares of the company’s stock after selling 626,000 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Li Auto were worth $1,099,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LI. Daiwa Securities Group Inc. boosted its stake in Li Auto by 16.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock valued at $84,000 after purchasing an additional 500 shares during the period. Blue Trust Inc. boosted its position in shares of Li Auto by 66.2% in the fourth quarter. Blue Trust Inc. now owns 5,058 shares of the company’s stock valued at $130,000 after acquiring an additional 2,015 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Li Auto in the fourth quarter valued at about $129,000. SBI Securities Co. Ltd. bought a new position in Li Auto during the fourth quarter worth about $191,000. Finally, Ballentine Partners LLC acquired a new stake in Li Auto in the 4th quarter worth about $223,000. Institutional investors and hedge funds own 9.88% of the company’s stock.

Analyst Ratings Changes

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

Li Auto Stock Up 1.7 %

Shares of NASDAQ:LI opened at $25.64 on Wednesday. Li Auto Inc. has a 52-week low of $17.44 and a 52-week high of $33.12. The company has a market capitalization of $27.20 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 3.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The company has a fifty day moving average of $26.40 and a 200-day moving average of $25.01.

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.