Tidal Investments LLC Sells 8,015 Shares of Li Auto Inc. (NASDAQ:LI)

Tidal Investments LLC cut its stake in shares of Li Auto Inc. (NASDAQ:LI) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,402 shares of the company’s stock after selling 8,015 shares during the period. Tidal Investments LLC’s holdings in Li Auto were worth $2,169,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. LMR Partners LLP acquired a new position in shares of Li Auto in the fourth quarter valued at about $16,266,000. OLD Mission Capital LLC bought a new stake in Li Auto in the 4th quarter valued at about $14,704,000. RWC Asset Advisors US LLC grew its position in shares of Li Auto by 20.0% during the 4th quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company’s stock worth $76,313,000 after purchasing an additional 530,390 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Li Auto during the fourth quarter worth approximately $8,923,000. Finally, NINE MASTS CAPITAL Ltd bought a new position in shares of Li Auto during the fourth quarter worth approximately $6,637,000. Institutional investors own 9.88% of the company’s stock.

Li Auto Trading Down 1.5%

Shares of LI opened at $28.67 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. Li Auto Inc. has a 52-week low of $17.44 and a 52-week high of $33.12. The firm has a market cap of $30.02 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 3.27 and a beta of 0.95. The business’s fifty day moving average is $25.13 and its 200-day moving average is $24.75.

Analyst Ratings Changes

Several brokerages recently issued reports on LI. Macquarie cut Li Auto from an “outperform” rating to a “neutral” rating and set a $27.00 price target for the company. in a research note on Monday, March 17th. Cfra Research upgraded Li Auto to a “strong sell” rating in a research report on Friday, March 21st. Nomura Securities raised Li Auto to a “hold” rating in a report on Monday, March 17th. HSBC set a $38.50 price target on Li Auto and gave the company a “buy” rating in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. upgraded shares of Li Auto from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $22.00 to $40.00 in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.85.

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.