Desjardins Global Asset Management Inc. Has $471,000 Stock Holdings in Li Auto Inc. (NASDAQ:LI)

Desjardins Global Asset Management Inc. decreased its holdings in shares of Li Auto Inc. (NASDAQ:LI) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,578 shares of the company’s stock after selling 821 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Li Auto were worth $471,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors grew its holdings in Li Auto by 584.1% during the 1st quarter. Captrust Financial Advisors now owns 1,074 shares of the company’s stock worth $28,000 after acquiring an additional 917 shares during the period. IFP Advisors Inc raised its holdings in shares of Li Auto by 233.3% in the 2nd quarter. IFP Advisors Inc now owns 1,000 shares of the company’s stock valued at $35,000 after purchasing an additional 700 shares during the period. Concourse Financial Group Securities Inc. raised its holdings in shares of Li Auto by 186.0% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,430 shares of the company’s stock valued at $51,000 after purchasing an additional 930 shares during the period. Atlas Capital Advisors LLC acquired a new position in Li Auto in the 2nd quarter valued at about $64,000. Finally, CWM LLC grew its stake in Li Auto by 59.5% in the 3rd quarter. CWM LLC now owns 1,812 shares of the company’s stock valued at $65,000 after buying an additional 676 shares during the last quarter. Institutional investors own 9.88% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on LI shares. Deutsche Bank Aktiengesellschaft upgraded shares of Li Auto from a “hold” rating to a “buy” rating and reduced their price target for the stock from $45.00 to $41.00 in a research report on Tuesday, February 6th. Macquarie initiated coverage on shares of Li Auto in a research note on Monday. They set an “outperform” rating and a $40.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of Li Auto in a research note on Wednesday, January 3rd. They set a “buy” rating for the company. Barclays lowered their target price on shares of Li Auto from $56.00 to $39.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Finally, Citigroup reduced their price target on shares of Li Auto from $57.30 to $48.50 and set a “buy” rating for the company in a report on Friday, March 22nd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $47.36.

Li Auto Trading Up 1.1 %

NASDAQ LI opened at $28.73 on Thursday. The stock’s 50 day moving average is $33.68 and its 200 day moving average is $34.19. The firm has a market capitalization of $30.48 billion, a PE ratio of 18.54 and a beta of 1.04. Li Auto Inc. has a twelve month low of $21.48 and a twelve month high of $47.33. The company has a quick ratio of 1.48, a current ratio of 1.57 and a debt-to-equity ratio of 0.03.

Li Auto (NASDAQ:LI) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.49 earnings per share for the quarter. The firm had revenue of $5.88 billion during the quarter. Li Auto had a return on equity of 18.37% and a net margin of 9.44%. Research analysts forecast that Li Auto Inc. will post 1.97 earnings per share for the current fiscal year.

Li Auto Profile

Li Auto Inc, through its subsidiaries, 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 also offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.