Ethic Inc. Sells 4,771 Shares of Li Auto Inc. (NASDAQ:LI)

Ethic Inc. cut its holdings in Li Auto Inc. (NASDAQ:LI) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,938 shares of the company’s stock after selling 4,771 shares during the period. Ethic Inc.’s holdings in Li Auto were worth $790,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of Li Auto by 4.4% in the fourth quarter. Signaturefd LLC now owns 10,184 shares of the company’s stock worth $244,000 after purchasing an additional 428 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Li Auto by 16.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the company’s stock valued at $84,000 after acquiring an additional 500 shares during the last quarter. Amundi raised its stake in shares of Li Auto by 1.2% during the fourth quarter. Amundi now owns 78,098 shares of the company’s stock valued at $1,811,000 after acquiring an additional 888 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Li Auto by 15.2% during the fourth quarter. First Trust Advisors LP now owns 10,014 shares of the company’s stock worth $240,000 after purchasing an additional 1,324 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Li Auto by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 177,767 shares of the company’s stock worth $4,265,000 after purchasing an additional 1,560 shares during the last quarter. 9.88% of the stock is owned by institutional investors.

Li Auto Stock Up 2.7%

Shares of LI stock opened at $28.72 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. Li Auto Inc. has a 12 month low of $17.44 and a 12 month high of $33.12. The stock has a market cap of $30.07 billion, a P/E ratio of 21.27, a P/E/G ratio of 3.27 and a beta of 0.95. The company has a 50 day simple moving average of $25.11 and a two-hundred day simple moving average of $24.68.

Wall Street Analyst Weigh In

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

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.