Li Auto Inc. (NASDAQ:LI) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC reduced its position in shares of Li Auto Inc. (NASDAQ:LI) by 89.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,500 shares of the company’s stock after selling 20,365 shares during the period. Tower Research Capital LLC TRC’s holdings in Li Auto were worth $94,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Comerica Bank acquired a new stake in shares of Li Auto during the 2nd quarter valued at $290,000. IFP Advisors Inc lifted its holdings in shares of Li Auto by 233.3% during the second quarter. IFP Advisors Inc now owns 1,000 shares of the company’s stock valued at $35,000 after purchasing an additional 700 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Li Auto by 584.1% in the 1st quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock valued at $28,000 after purchasing an additional 917 shares during the period. Concourse Financial Group Securities Inc. increased its stake in Li Auto by 186.0% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock worth $51,000 after purchasing an additional 930 shares in the last quarter. Finally, Rakuten Securities Inc. acquired a new stake in Li Auto during the 4th quarter worth about $57,000. 9.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LI shares. Morgan Stanley reduced their target price on Li Auto from $74.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, March 25th. Citigroup lowered their target price on Li Auto from $57.30 to $48.50 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft raised shares of Li Auto from a “hold” rating to a “buy” rating and reduced their price target for the stock from $45.00 to $41.00 in a research report on Tuesday, February 6th. Bank of America decreased their price target on shares of Li Auto from $60.00 to $55.00 and set a “buy” rating for the company in a report on Monday, March 18th. Finally, The Goldman Sachs Group began coverage on shares of Li Auto in a research report on Wednesday, January 3rd. They issued a “buy” rating for the company. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $48.58.

Li Auto Trading Up 0.7 %

Shares of Li Auto stock traded up $0.20 during trading hours on Friday, hitting $29.83. The company’s stock had a trading volume of 4,716,232 shares, compared to its average volume of 7,462,238. The stock has a 50 day moving average of $33.46 and a 200 day moving average of $34.57. Li Auto Inc. has a 12 month low of $21.48 and a 12 month high of $47.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.57 and a quick ratio of 1.48. The company has a market capitalization of $31.65 billion, a PE ratio of 19.25 and a beta of 1.04.

Li Auto (NASDAQ:LI) last announced its earnings results on Monday, February 26th. The company reported $0.49 earnings per share (EPS) for the quarter. Li Auto had a return on equity of 18.37% and a net margin of 9.44%. The business had revenue of $5.88 billion for the quarter. Analysts predict that Li Auto Inc. will post 1.97 earnings per share for the current year.

Li Auto Company Profile

Li Auto Inc, through its subsidiaries, 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 also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.