abrdn plc decreased its position in Li Auto Inc. (NASDAQ:LI – Get Rating) by 82.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,738 shares of the company’s stock after selling 193,625 shares during the quarter. abrdn plc’s holdings in Li Auto were worth $831,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the stock. Itau Unibanco Holding S.A. acquired a new stake in shares of Li Auto during the fourth quarter worth approximately $12,084,000. XY Capital Ltd acquired a new position in Li Auto in the fourth quarter worth $9,812,000. Edmond DE Rothschild Holding S.A. boosted its holdings in Li Auto by 51.4% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 151,014 shares of the company’s stock worth $3,081,000 after purchasing an additional 51,290 shares during the period. OPTIMAS CAPITAL Ltd acquired a new position in Li Auto in the fourth quarter worth $3,307,000. Finally, Axim Planning & Wealth acquired a new position in Li Auto in the fourth quarter worth $1,916,000. Institutional investors and hedge funds own 20.97% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have commented on LI. HSBC lifted their price objective on shares of Li Auto from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, March 3rd. TheStreet upgraded Li Auto from a “d” rating to a “c-” rating in a research note on Tuesday, April 18th. Morgan Stanley raised their target price on Li Auto from $30.00 to $40.00 in a research note on Thursday, May 11th. Citigroup raised their target price on Li Auto from $48.00 to $51.50 and gave the company a “buy” rating in a research note on Thursday, February 9th. Finally, Barclays raised their target price on Li Auto from $31.00 to $34.00 in a research note on Wednesday, May 10th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $35.74.
Li Auto Stock Down 2.0 %
Li Auto (NASDAQ:LI – Get Rating) last issued its quarterly earnings results on Monday, February 27th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.23. Li Auto had a negative net margin of 1.90% and a negative return on equity of 2.32%. The firm had revenue of $2.56 billion for the quarter. On average, equities research analysts predict that Li Auto Inc. will post 0.25 EPS for the current year.
About Li Auto
Li Auto Inc, through its subsidiaries, designs, develops, manufactures, and sells new energy vehicles in the People's Republic of China. The company provides Li ONE, a six-seat smart electric sport utility vehicle that is equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities.
Read More
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