Li Auto Inc. (NASDAQ:LI) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its stake in shares of Li Auto Inc. (NASDAQ:LI) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,453 shares of the company’s stock after selling 2,034 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Li Auto were worth $2,412,000 as of its most recent SEC filing.

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

Li Auto Price Performance

Shares of NASDAQ:LI opened at $25.64 on Wednesday. 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 stock has a market capitalization of $27.20 billion, a P/E ratio of 18.99, a P/E/G ratio of 3.27 and a beta of 0.86. The business has a 50-day moving average of $26.40 and a two-hundred day moving average of $25.01. Li Auto Inc. has a fifty-two week low of $17.44 and a fifty-two week high of $33.12.

Analysts Set New Price Targets

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