Crossmark Global Holdings Inc. Lowers Stock Position in Li Auto Inc. (NASDAQ:LI)

Crossmark Global Holdings Inc. trimmed its holdings in Li Auto Inc. (NASDAQ:LI) by 11.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,137 shares of the company’s stock after selling 6,109 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Li Auto were worth $1,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LI. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Li Auto by 2,556.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,630,537 shares of the company’s stock valued at $93,503,000 after purchasing an additional 3,493,881 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Li Auto in the 2nd quarter valued at $21,626,000. Ariose Capital Management Ltd purchased a new position in Li Auto in the 3rd quarter valued at $18,099,000. FIFTHDELTA Ltd acquired a new position in Li Auto in the 1st quarter valued at $14,816,000. Finally, SG Americas Securities LLC raised its position in Li Auto by 806.4% during the 3rd quarter. SG Americas Securities LLC now owns 167,407 shares of the company’s stock worth $4,294,000 after buying an additional 148,937 shares during the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Li Auto Stock Performance

NASDAQ:LI opened at $22.35 on Thursday. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $24.57 and a two-hundred day moving average price of $22.21. The company has a market capitalization of $23.71 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99. Li Auto Inc. has a twelve month low of $17.44 and a twelve month high of $46.44.

Li Auto (NASDAQ:LI) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 EPS for the quarter. The firm had revenue of $4.36 billion during the quarter. Li Auto had a net margin of 7.20% and a return on equity of 13.03%. As a group, research analysts expect that Li Auto Inc. will post 1.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LI. Macquarie reissued a “neutral” rating and set a $33.00 price target (up from $25.00) on shares of Li Auto in a report on Friday, October 4th. Citigroup increased their target price on Li Auto from $25.50 to $29.60 and gave the stock a “neutral” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. dropped their price objective on Li Auto from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Barclays increased their price objective on Li Auto from $22.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Bank of America boosted their target price on shares of Li Auto from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently 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.